Sat Sep 28 18:36:07 UTC 2024: ## Hedge Funds Show Interest in iShares 1-3 Year Treasury Bond ETF (SHY)

**New York, NY** – Several hedge funds have recently increased their stakes in the iShares 1-3 Year Treasury Bond ETF (SHY) signaling potential growth in the short-term bond market. Daymark Wealth Partners LLC led the charge, boosting their stake by 5.8% in the second quarter, bringing their total investment to $446,000.

Other notable investors include Patriot Financial Group Insurance Agency LLC, Patton Fund Management Inc., SWP Financial LLC, EP Wealth Advisors LLC, and Secure Asset Management LLC, all increasing their holdings within the last two quarters.

The collective investment by these hedge funds represents a significant portion of the ETF’s ownership, with 23.62% of the stock currently held by institutional investors and hedge funds. This signals confidence in the stability and potential for returns in the short-term US Treasury bond market.

SHY, managed by BlackRock, tracks a market-weighted index of US Treasury debt with 1-3 years remaining to maturity. It was launched on July 22, 2002, and has been a popular choice for investors seeking low-risk, short-term bond exposure.

The ETF opened at $83.27 on Friday, with a market capitalization of $24.70 billion. The stock has a 50-day moving average price of $82.68 and a 200-day moving average price of $81.89.

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