iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Significant Decrease in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a significant drop in short interest in June. As of June 30th, there was short interest totalling 1,190,000 shares, a drop of 26.5% from the June 15th total of 1,620,000 shares. Based on an average daily volume of 2,047,800 shares, the days-to-cover ratio is presently 0.6 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.3 %

IGIB opened at $52.04 on Monday. The business’s 50-day moving average is $51.25 and its two-hundred day moving average is $51.20. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1 year low of $47.27 and a 1 year high of $52.25.

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

The company also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were paid a dividend of $0.191 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $2.29 annualized dividend and a dividend yield of 4.40%.

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

Institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 36.9% during the 2nd quarter. Hexagon Capital Partners LLC now owns 20,130 shares of the company’s stock valued at $1,032,000 after purchasing an additional 5,431 shares during the last quarter. Rebalance LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 11.5% in the second quarter. Rebalance LLC now owns 169,161 shares of the company’s stock worth $8,671,000 after acquiring an additional 17,492 shares in the last quarter. Tilia Fiduciary Partners Inc. grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.6% during the second quarter. Tilia Fiduciary Partners Inc. now owns 13,910 shares of the company’s stock worth $713,000 after acquiring an additional 1,556 shares during the last quarter. Kingswood Wealth Advisors LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at about $624,000. Finally, Olistico Wealth LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $55,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

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.