Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Declines By 11.5%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a large decrease in short interest in October. As of October 31st, there was short interest totalling 2,160,000 shares, a decrease of 11.5% from the October 15th total of 2,440,000 shares. Based on an average daily trading volume, of 2,599,300 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Alley Investment Management Company LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.3% in the 1st quarter. Alley Investment Management Company LLC now owns 350,294 shares of the company’s stock valued at $17,963,000 after acquiring an additional 7,711 shares during the period. Payden & Rygel Investment Group acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter worth $90,000. Wellington Wealth Strategies LLC. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at about $5,925,000. Lazard Asset Management LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% during the first quarter. Lazard Asset Management LLC now owns 479,410 shares of the company’s stock worth $24,583,000 after purchasing an additional 6,883 shares during the period. Finally, Fairview Capital Investment Management LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the first quarter. Fairview Capital Investment Management LLC now owns 149,097 shares of the company’s stock valued at $7,646,000 after acquiring an additional 1,175 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ IGSB traded up $0.06 during midday trading on Monday, hitting $51.87. 1,662,875 shares of the company’s stock were exchanged, compared to its average volume of 2,717,286. The firm’s fifty day simple moving average is $52.26 and its 200-day simple moving average is $51.78. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.22 and a twelve month high of $52.74.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1836 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Friday, November 1st. This represents a $2.20 annualized dividend and a dividend yield of 4.25%.

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.