iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Update

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 1,824,794 shares, an increase of 140.2% from the July 30th total of 759,544 shares. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 2,688,989 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in IGSB. Marshall Wace LLP purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter worth $6,257,000. Gamco Investors INC. ET AL purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth about $393,000. BNP Paribas Financial Markets increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 37.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 216,529 shares of the company’s stock worth $11,424,000 after acquiring an additional 59,491 shares in the last quarter. Monograph Wealth Advisors LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 11.8% during the 2nd quarter. Monograph Wealth Advisors LLC now owns 515,522 shares of the company’s stock valued at $27,199,000 after acquiring an additional 54,397 shares during the period. Finally, Captrust Financial Advisors boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.8% during the second quarter. Captrust Financial Advisors now owns 4,205,973 shares of the company’s stock worth $221,907,000 after acquiring an additional 230,312 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

NASDAQ:IGSB traded down $0.13 during trading hours on Friday, hitting $52.08. The company had a trading volume of 3,090,709 shares, compared to its average volume of 3,481,987. The stock has a 50-day moving average price of $52.18 and a 200 day moving average price of $52.44. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $51.97 and a 52 week high of $53.25.

iShares 1-5 Year Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.1981 dividend. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.