iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Decrease in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 99,193 shares, a decline of 75.9% from the May 31st total of 411,262 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 853,959 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 100.9% in the first quarter. Goldman Sachs Group Inc. now owns 165,118 shares of the company’s stock valued at $7,983,000 after acquiring an additional 82,911 shares during the period. Jane Street Group LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 1st quarter worth $1,681,000. NewEdge Advisors LLC increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 13.4% in the 2nd quarter. NewEdge Advisors LLC now owns 57,776 shares of the company’s stock valued at $2,811,000 after purchasing an additional 6,809 shares in the last quarter. Betterment LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 6.8% in the second quarter. Betterment LLC now owns 39,922 shares of the company’s stock valued at $1,942,000 after purchasing an additional 2,550 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 60.0% in the second quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock valued at $24,979,000 after purchasing an additional 192,418 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.1%

Shares of NASDAQ:ISTB opened at $48.30 on Friday. The company has a market cap of $4.73 billion, a P/E ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $48.02 and a 52 week high of $49.05. The company has a 50-day moving average price of $48.27 and a 200 day moving average price of $48.54.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, June 1st.

iShares Core 1-5 Year USD Bond ETF Company Profile

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.