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SGOV · Analysis updated Nov 5, 2026, 4:49 PM ET
Why is iShares 0-3 Month Treasury Bond ETF (SGOV) stock moving?
SGOV behaved as expected for a T-bill ETF. Its price rose steadily from 100.59 on Oct 16 to 100.73 on Oct 30. It then fell about 0.30 to 100.43 on Nov 2, the ex-dividend date for the $0.32858 monthly payout. That drop is a distribution mechanic, not a loss, and the price has since crept up to 100.45. Volume spiked to roughly 37-38M shares on Oct 30 and Nov 2 around the distribution, against a 30-day average near 22M. Net assets are about $116.8B. The Fed held rates unchanged in late October with two dissenters favoring a hike. Futures price a rise toward about 4.1% by February, and 1-month to 3-month bill yields sit around 3.9-4.2%. SGOV's very short duration means it carries little rate risk, and higher policy rates would lift its income. The main risk is a surprise easing, which would lower the yield. Otherwise it remains a stable cash-like holding that earns a steady monthly payout.
News behind the analysis
- iShares 0-3 Month Treasury Bond ETF – fund overview (NAV as of Nov 4, 2026)NAV was $100.44 on Nov 4, with net assets of about $116.8B and YTD NAV total return of 3.11%. The 52-week range is 100.27–100.74.
- SGOV quote and dividend dataThe fund went ex-dividend on Nov 2 with a $0.32858 payout, paid Nov 5. The trailing yield is about 3.63%.
- Divided Fed Chooses Patience, Leaves Rates UnchangedThe Fed held rates steady, with two dissenters favoring a hike. A further hike is widely expected this cycle.
- Fed Funds Rate Forecast 2026-2031Futures price the rate rising to about 4.1% by February. The effective rate is 3.88%, and the next FOMC meeting is Dec 8-9.
- Treasury Rates Today: November 4, 2026The 1-month T-bill yields 4.01% and the 13-week bill 4.21%. The 10-year yield is 4.90%.
- Fed H.15 Selected Interest RatesThe 4-week bill yield was 3.88% on Nov 3 and the 3-month yield 4.03%.
- T-Bill Rates Today: Latest Auction Results (November 2026)The 13-week bill sold at a 4.185% investment rate and the 26-week at 4.351% at the Oct 13 auctions.
- US 10 Year Treasury YieldThe 10-year yield was 4.90% on Nov 5. It is down 0.39 points over the past month.
- How to Invest in SGOVThe fund offers monthly income tied to short-term rates. It is positioned as an alternative to money market funds.