iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Stock Short Interest Climbs 71.6%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,671,246 shares, a growth of 71.6% from the August 31st total of 1,557,104 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 3,527,823 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IGSB. Cornerstone Planning Group LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 1,271 shares of the company’s stock worth $67,000 after acquiring an additional 901 shares in the last quarter. Main Street Group LTD acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 1st quarter worth $105,000. Highland Investment Advisors LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter worth $141,000. Continuum Advisory LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter worth $167,000. Finally, Bogart Wealth LLC lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 161.4% during the first quarter. Bogart Wealth LLC now owns 3,239 shares of the company’s stock valued at $170,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.2%

NASDAQ IGSB opened at $51.12 on Friday. The company’s 50 day simple moving average is $51.85 and its 200 day simple moving average is $52.19. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.97 and a 12 month high of $53.25.

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

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be given a $0.2037 dividend. This represents a $2.44 annualized dividend and a yield of 4.8%. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2020. The ex-dividend date is Thursday, October 1st.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.