iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Significant Decline in Short Interest

The iShares Short Treasury Bond ETF (NASDAQ:SHV) experienced a notable decrease in short interest for the month of December. As reported on December 15th, the total short interest was 846,500 shares, which marks a significant decline of 17.0% compared to the November 30th total of 1,020,000 shares. With an average trading volume of 4,034,200 shares, the current days-to-cover ratio stands at just 0.2 days.

iShares Short Treasury Bond ETF Price Performance

The stock price of SHV increased by $0.03 during trading on Monday, bringing it to $110.10. In total, 2,952,725 shares exchanged hands, slightly surpassing its average volume of 2,943,030. The company’s stock has a simple moving average of $110.27 over the past fifty days, while its 200-day simple moving average is $110.32. Over the last 52 weeks, SHV's price has fluctuated with a low of $109.91 and a high of $110.64.

Dividend Announcement by iShares Short Treasury Bond ETF

Recently, the iShares Short Treasury Bond ETF declared a monthly dividend, which was paid on December 23rd. Shareholders recorded as of December 18th received a dividend of $0.4268 per share. This results in an annualized dividend total of $5.12, translating to a dividend yield of 4.65%. Notably, the ex-dividend date was December 18th.

Institutional Trading Activity

In recent months, several hedge funds and institutional investors have made moves with shares of the iShares Short Treasury Bond ETF. For example, Rothschild Investment LLC acquired a new stake valued at approximately $40,000 during the second quarter. Similarly, Benjamin F. Edwards & Company Inc. invested about $43,000 for a new stake in the same quarter. In the third quarter, MidAtlantic Capital Management Inc. purchased shares worth around $48,000, while Glass Jacobson Investment Advisors raised their holdings by 55.5%, reaching a total of 454 shares valued at $50,000 after purchasing an additional 162 shares. Financial Gravity Asset Management Inc. notably increased its holdings by an eye-catching 1,323.5% in the second quarter, acquiring 484 shares valued at $53,000 following the purchase of 450 additional shares. Currently, institutional investors own roughly 7.10% of the fund's shares.

Overview of iShares Short Treasury Bond ETF

The iShares Short Treasury Bond ETF, previously known as iShares Barclays Short Treasury Bond Fund, operates as an exchange-traded fund. The primary goal of the fund is to replicate the investment results that correspond to the performance of the Barclays Capital U.S. Short Treasury Bond Index. This index assesses the performance of public obligations issued by the U.S. Treasury that have a maturity of between 1 to 12 months.

iShares, ETF, short, interest, dividend