iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Large Decline in Short Interest

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 1,410,000 shares, a decline of 34.7% from the October 31st total of 2,160,000 shares. Based on an average trading volume of 2,808,500 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Rise Advisors LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $29,000. Kennebec Savings Bank purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth about $43,000. Family Firm Inc. bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at about $49,000. Future Financial Wealth Managment LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $104,000. Finally, First PREMIER Bank raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 283.3% in the third quarter. First PREMIER Bank now owns 2,131 shares of the company’s stock worth $112,000 after acquiring an additional 1,575 shares during the period. 76.06% of the stock is owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.2 %

iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded up $0.11 during midday trading on Friday, hitting $52.15. 836,009 shares of the stock were exchanged, compared to its average volume of 2,734,423. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $50.48 and a 52-week high of $52.74. The business’s 50-day moving average price is $52.13 and its 200-day moving average price is $51.84.

iShares 1-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1836 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a $2.20 annualized dividend and a dividend yield of 4.23%.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.