Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Increases By 152.8%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 957,954 shares, an increase of 152.8% from the August 15th total of 379,007 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average trading volume of 2,244,648 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Archer Investment Corp boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock worth $26,000 after acquiring an additional 446 shares in the last quarter. Rothschild Investment LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $40,000. Strive Financial Group LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at $43,000. IFC & Insurance Marketing Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $45,000. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $54,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

NASDAQ:IGIB opened at $51.23 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $51.22 and a 12-month high of $54.58. The business has a 50 day simple moving average of $52.26 and a 200 day simple moving average of $52.92.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were issued a $0.2219 dividend. This represents a c) annualized dividend and a dividend yield of 5.2%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date was Tuesday, September 1st.

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.