iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Shares Shorted: Short Interest Down 74.4% in October

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 31,048 shares, a decline of 74.4% from the September 30th total of 121,240 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 223,928 shares, the days-to-cover ratio is presently 0.1 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ:SLQD traded down $0.03 during trading on Wednesday, reaching $49.65. The stock had a trading volume of 23,802 shares, compared to its average volume of 245,140. The business has a fifty day moving average price of $49.72 and a 200-day moving average price of $50.26. iShares 0-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.23 and a fifty-two week high of $50.99.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st were given a dividend of $0.1891 per share. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.1864. This represents a $2.27 dividend on an annualized basis and a dividend yield of 4.6%.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in SLQD. Highland Investment Advisors LLC acquired a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $25,000. CoreCap Advisors LLC purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at $45,000. NBT Bank N A NY boosted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% in the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after purchasing an additional 1,094 shares during the period. Parallel Advisors LLC lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after acquiring an additional 1,432 shares in the last quarter. Finally, Arkadios Wealth Advisors increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% in the 1st quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock valued at $1,123,000 after buying an additional 3,665 shares during the period.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.