Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Decreases By 47.7%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 2,735,078 shares, a decrease of 47.7% from the June 30th total of 5,230,565 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average trading volume of 3,209,717 shares, the short-interest ratio is presently 0.9 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ IGIB traded down $0.17 during mid-day trading on Wednesday, reaching $52.27. 2,742,261 shares of the company traded hands, compared to its average volume of 2,995,998. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $52.15 and a fifty-two week high of $54.58. The stock has a fifty day simple moving average of $52.85 and a 200-day simple moving average of $53.35.

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

The company also recently declared a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2155 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Several hedge funds have recently modified their holdings of the company. Root Financial Partners LLC grew 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 purchasing an additional 272 shares during the last quarter. Rossby Financial LCC lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.8% in the fourth quarter. Rossby Financial LCC now owns 5,227 shares of the company’s stock worth $282,000 after buying an additional 287 shares during the last quarter. Diversified Portfolios Inc. boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.6% during the 4th quarter. Diversified Portfolios Inc. now owns 24,015 shares of the company’s stock worth $1,294,000 after buying an additional 380 shares during the period. Equitable Trust Co. boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% during the 4th quarter. Equitable Trust Co. now owns 4,823 shares of the company’s stock worth $260,000 after buying an additional 398 shares during the period. Finally, Advisory Services Network LLC grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.5% in the 4th quarter. Advisory Services Network LLC now owns 30,924 shares of the company’s stock valued at $1,666,000 after buying an additional 443 shares during the last quarter. 76.98% of the stock is currently owned by institutional investors and hedge funds.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

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.