Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Grows By 206.8%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 4,794,698 shares, an increase of 206.8% from the January 15th total of 1,562,999 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average daily volume of 4,528,199 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 4,528,199 shares, the short-interest ratio is presently 1.1 days. Currently, 1.2% of the company’s shares are sold short.

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

IGSB opened at $53.13 on Friday. The stock’s 50 day moving average price is $52.93 and its 200-day moving average price is $52.93. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $51.49 and a one year high of $53.18.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.198 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in IGSB. Ameriprise Financial Inc. lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,162,203 shares of the company’s stock valued at $702,693,000 after buying an additional 264,198 shares in the last quarter. Allstate Corp grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 41.0% in the 3rd quarter. Allstate Corp now owns 6,864,741 shares of the company’s stock worth $364,037,000 after acquiring an additional 1,997,065 shares in the last quarter. Captrust Financial Advisors increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.5% during the third quarter. Captrust Financial Advisors now owns 4,562,020 shares of the company’s stock worth $241,924,000 after acquiring an additional 356,047 shares during the period. JPMorgan Chase & Co. raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 3,466,237 shares of the company’s stock valued at $183,815,000 after acquiring an additional 586,487 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.8% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,741,769 shares of the company’s stock valued at $92,105,000 after acquiring an additional 169,709 shares in the last quarter. 76.06% of the stock is currently owned by institutional investors.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.