iShares Short Treasury Bond ETF (NASDAQ:SHV) Sees Unusually-High Trading Volume – Here’s Why

iShares Short Treasury Bond ETF (NASDAQ:SHV) saw unusually-strong trading volume on Thursday . Approximately 5,804,553 shares were traded during mid-day trading, an increase of 5% from the previous session’s volume of 5,530,749 shares.The stock last traded at $110.29 and had previously closed at $110.28.

iShares Short Treasury Bond ETF Price Performance

The business’s fifty day moving average is $110.22 and its two-hundred day moving average is $110.30.

iShares Short Treasury Bond ETF Cuts Dividend

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

Institutional Investors Weigh In On iShares Short Treasury Bond ETF

Hedge funds have recently modified their holdings of the business. Secure Asset Management LLC bought a new position in iShares Short Treasury Bond ETF in the 4th quarter worth $231,000. Whalen Wealth Management Inc. boosted its holdings in iShares Short Treasury Bond ETF by 442.7% in the 4th quarter. Whalen Wealth Management Inc. now owns 262,678 shares of the company’s stock worth $28,923,000 after buying an additional 214,280 shares during the period. Mutual Advisors LLC boosted its holdings in iShares Short Treasury Bond ETF by 6.0% in the 4th quarter. Mutual Advisors LLC now owns 54,036 shares of the company’s stock worth $5,959,000 after buying an additional 3,069 shares during the period. SG Americas Securities LLC bought a new position in iShares Short Treasury Bond ETF in the 4th quarter worth $11,541,000. Finally, Marino Stram & Associates LLC boosted its holdings in iShares Short Treasury Bond ETF by 65.6% in the 4th quarter. Marino Stram & Associates LLC now owns 24,637 shares of the company’s stock worth $2,713,000 after buying an additional 9,756 shares during the period. Institutional investors own 7.10% of the company’s stock.

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.