iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Down 32.7% in October

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 233,500 shares, a drop of 32.7% from the October 15th total of 346,900 shares. Based on an average daily trading volume, of 247,300 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Atlas Capital Advisors LLC bought a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $57,000. LRI Investments LLC bought a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF during the first quarter worth $96,000. Ashton Thomas Private Wealth LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter worth $124,000. BNP Paribas Financial Markets increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% in the third quarter. BNP Paribas Financial Markets now owns 2,721 shares of the company’s stock valued at $137,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at about $512,000.

iShares 0-5 Year Investment Grade Corporate Bond ETF Price Performance

SLQD stock traded up $0.04 during midday trading on Friday, hitting $49.80. The stock had a trading volume of 115,409 shares, compared to its average volume of 234,437. The business has a fifty day moving average price of $50.10 and a two-hundred day moving average price of $49.67. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $48.32 and a 1-year high of $50.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were paid a $0.1595 dividend. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.84%. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 1st.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.