iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Up 7.3% in December

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 541,800 shares, a growth of 7.3% from the December 15th total of 504,800 shares. Based on an average daily trading volume, of 2,093,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Several hedge funds have recently bought and sold shares of IGIB. WestEnd Advisors LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after acquiring an additional 780 shares in the last quarter. Centennial Bank AR acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the third quarter worth about $66,000. General Partner Inc. bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $86,000. Finally, S.A. Mason LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $92,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

IGIB traded up $0.03 during midday trading on Friday, reaching $51.50. 998,059 shares of the company were exchanged, compared to its average volume of 1,962,487. The stock’s 50-day simple moving average is $51.87 and its 200 day simple moving average is $52.44. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $49.90 and a one year high of $54.10.

iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1996 per share. The ex-dividend date of this dividend was Wednesday, December 18th. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.