iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Significant Growth in Short Interest

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 110,199 shares, an increase of 106.6% from the April 15th total of 53,343 shares. Based on an average daily volume of 272,213 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Down 0.2%

iShares 0-5 Year Investment Grade Corporate Bond ETF stock traded down $0.08 during mid-day trading on Friday, hitting $50.23. The company’s stock had a trading volume of 104,036 shares, compared to its average volume of 256,879. The firm’s 50 day moving average is $50.44 and its 200 day moving average is $50.65. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $50.09 and a 52-week high of $50.99.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a dividend of $0.186 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 936,991 shares of the company’s stock valued at $47,617,000 after buying an additional 49,354 shares during the last quarter. Crews Bank & Trust lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% during the 4th quarter. Crews Bank & Trust now owns 736,390 shares of the company’s stock worth $37,335,000 after buying an additional 52,047 shares during the period. Creative Financial Designs Inc. ADV lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock worth $24,769,000 after buying an additional 24,974 shares during the period. Colonial Trust Advisors raised its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.3% in the 4th quarter. Colonial Trust Advisors now owns 292,855 shares of the company’s stock valued at $14,848,000 after purchasing an additional 6,690 shares during the last quarter. Finally, Colonial Trust Co SC raised its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.4% in the 4th quarter. Colonial Trust Co SC now owns 179,355 shares of the company’s stock valued at $9,093,000 after purchasing an additional 4,183 shares during the last quarter.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

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.