iShares Short Treasury Bond ETF (NASDAQ:SHV) Short Interest Up 89.0% in December

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 1,600,000 shares, a growth of 89.0% from the December 15th total of 846,500 shares. Based on an average trading volume of 3,597,900 shares, the days-to-cover ratio is presently 0.4 days.

iShares Short Treasury Bond ETF Stock Up 0.0 %

SHV traded up $0.01 during trading on Thursday, reaching $110.29. 9,541,233 shares of the company’s stock were exchanged, compared to its average volume of 5,928,841. The business has a 50 day moving average price of $110.22 and a 200 day moving average price of $110.31. iShares Short Treasury Bond ETF has a fifty-two week low of $109.91 and a fifty-two week high of $110.64.

iShares Short Treasury Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.4268 per share. This represents a $5.12 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend was Wednesday, December 18th.

Hedge Funds Weigh In On iShares Short Treasury Bond ETF

A number of hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of iShares Short Treasury Bond ETF in the 2nd quarter valued at $43,000. MidAtlantic Capital Management Inc. bought a new position in iShares Short Treasury Bond ETF during the 3rd quarter valued at about $48,000. Glass Jacobson Investment Advisors llc boosted its position in iShares Short Treasury Bond ETF by 55.5% in the third quarter. Glass Jacobson Investment Advisors llc now owns 454 shares of the company’s stock valued at $50,000 after buying an additional 162 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in iShares Short Treasury Bond ETF by 21.7% during the second quarter. Abich Financial Wealth Management LLC now owns 718 shares of the company’s stock worth $79,000 after buying an additional 128 shares during the last quarter. Finally, Bristlecone Advisors LLC acquired a new stake in shares of iShares Short Treasury Bond ETF during the third quarter worth approximately $83,000. 7.10% of the stock is owned by institutional investors and hedge funds.

About iShares Short Treasury Bond ETF

iShares Short Treasury Bond ETF (the Fund), formerly iShares Barclays Short Treasury Bond Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond to the price and yield performance of the Barclays Capital U.S. Short Treasury Bond Index (the Index). The Index measures the performance of public obligations of the United States Treasury that have a remaining maturity of between 1 and 12 months.