iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Shares Shorted: Short Interest Down 76.7% in September

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 140,195 shares, a decrease of 76.7% from the August 31st total of 601,181 shares. Based on an average trading volume of 391,608 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are sold short.

iShares Core 1-5 Year USD Bond ETF Trading Up 0.2%

NASDAQ ISTB traded up $0.08 on Friday, hitting $47.31. 1,001,886 shares of the company were exchanged, compared to its average volume of 483,318. The company has a market cap of $5.11 billion, a PE ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $47.21 and a 12 month high of $49.05. The stock has a fifty day moving average of $47.85 and a 200-day moving average of $48.14.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a dividend of $0.1772 per share. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $2.13 dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ISTB. State of Wisconsin Investment Board increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% during the fourth quarter. State of Wisconsin Investment Board now owns 5,312,625 shares of the company’s stock valued at $258,990,000 after acquiring an additional 71,400 shares in the last quarter. SHP Wealth Management acquired a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth $70,668,000. Spinnaker Trust lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 2.9% in the fourth quarter. Spinnaker Trust now owns 1,384,279 shares of the company’s stock valued at $67,484,000 after buying an additional 38,402 shares in the last quarter. Financial Solutions Advisory Group Inc. acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter valued at about $57,365,000. Finally, Cahaba Wealth Management Inc. grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 6.0% during the first quarter. Cahaba Wealth Management Inc. now owns 1,128,804 shares of the company’s stock valued at $54,702,000 after buying an additional 64,238 shares during the last quarter.

About iShares Core 1-5 Year USD Bond ETF

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.