iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) Short Interest Down 23.9% in September

iShares 7-10 Year Treasury Bond ETF (NASDAQ:IEF) saw a large drop in short interest in the month of September. As of September 15th, there was short interest totalling 10,930,000 shares, a drop of 23.9% from the August 31st total of 14,370,000 shares. Based on an average daily volume of 4,154,300 shares, the days-to-cover ratio is presently 2.6 days.

A number of hedge funds have recently bought and sold shares of the stock. FMR LLC increased its position in iShares 7-10 Year Treasury Bond ETF by 14.0% during the 2nd quarter. FMR LLC now owns 20,541,104 shares of the exchange traded fund’s stock valued at $2,503,344,000 after buying an additional 2,526,416 shares in the last quarter. Assetmark Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 334.9% in the 2nd quarter. Assetmark Inc. now owns 5,893,753 shares of the exchange traded fund’s stock worth $716,405,000 after purchasing an additional 4,538,555 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 30.4% in the 1st quarter. Wells Fargo & Company MN now owns 4,496,742 shares of the exchange traded fund’s stock worth $546,264,000 after purchasing an additional 1,047,913 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 174.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,204,590 shares of the exchange traded fund’s stock worth $512,414,000 after purchasing an additional 2,670,507 shares in the last quarter. Finally, Clark Capital Management Group Inc. increased its holdings in shares of iShares 7-10 Year Treasury Bond ETF by 170,216.5% in the 2nd quarter. Clark Capital Management Group Inc. now owns 3,360,345 shares of the exchange traded fund’s stock worth $409,525,000 after purchasing an additional 3,358,372 shares in the last quarter.

Separately, ValuEngine upgraded iShares 7-10 Year Treasury Bond ETF from a “sell” rating to a “hold” rating in a research note on Monday, August 3rd.

IEF stock traded down $0.01 on Thursday, reaching $121.81. 8,733,725 shares of the company traded hands, compared to its average volume of 4,767,686. iShares 7-10 Year Treasury Bond ETF has a one year low of $109.97 and a one year high of $123.41. The firm has a fifty day simple moving average of $121.79 and a 200-day simple moving average of $121.49.

iShares 7-10 Year Treasury Bond ETF Company Profile

iShares 7-10 Year Treasury Bond ETF (the Fund) is an is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States Treasury bonds with remaining maturities between seven and ten years. The Fund seeks to track the investment results of the Barclays U.S.

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