iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 1,759,624 shares, an increase of 83.7% from the August 31st total of 957,954 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 3,055,394 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Archer Investment Corp increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the first quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after buying an additional 446 shares during the period. Rothschild Investment LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $40,000. Strive Financial Group LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at about $43,000. Nalls Sherbakoff Group LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $89,000. Finally, Root Financial Partners LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% during the first quarter. Root Financial Partners LLC now owns 2,023 shares of the company’s stock valued at $108,000 after buying an additional 272 shares during the period. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.0%

Shares of NASDAQ:IGIB traded down $0.01 during trading on Tuesday, reaching $50.42. The company’s stock had a trading volume of 7,737,219 shares, compared to its average volume of 2,956,661. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.28 and a 12 month high of $54.58. The firm’s 50 day simple moving average is $51.91 and its two-hundred day simple moving average is $52.67.

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

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were paid a dividend of $0.2219 per share. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22. This represents a $2.66 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.