iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Update

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 43,365 shares, an increase of 129.9% from the April 30th total of 18,864 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 457,473 shares, the days-to-cover ratio is presently 0.1 days.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of ISTB traded up $0.06 on Friday, reaching $48.39. The company’s stock had a trading volume of 991,782 shares, compared to its average volume of 483,535. The stock has a market capitalization of $4.74 billion, a P/E ratio of 10.99 and a beta of 0.11. The stock’s 50 day simple moving average is $48.36 and its two-hundred day simple moving average is $48.63. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $48.03 and a 12-month high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.1722 dividend. 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 4.3%.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Spire Wealth Management boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% in the fourth quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after buying an additional 218 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF in the first quarter worth approximately $44,000. Rossby Financial LCC boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% in the fourth quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after buying an additional 290 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth approximately $68,000. Finally, Rothschild Investment LLC boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 41.8% in the third quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock worth $83,000 after buying an additional 500 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.