Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Drops By 17.0%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 286,300 shares, a decline of 17.0% from the November 15th total of 345,000 shares. Based on an average daily trading volume, of 318,400 shares, the days-to-cover ratio is presently 0.9 days.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB opened at $47.92 on Friday. The stock has a market capitalization of $4.08 billion, a PE ratio of 16.72 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a one year low of $46.65 and a one year high of $48.75. The business’s 50 day moving average price is $48.02 and its 200 day moving average price is $47.97.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, December 2nd were paid a $0.1635 dividend. The ex-dividend date was Monday, December 2nd. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous dividend of $0.16.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CWM LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 1.4% in the third quarter. CWM LLC now owns 16,189 shares of the company’s stock valued at $788,000 after buying an additional 226 shares during the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 0.3% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 90,848 shares of the company’s stock valued at $4,422,000 after acquiring an additional 236 shares during the period. Bogart Wealth LLC lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 40.7% in the 3rd quarter. Bogart Wealth LLC now owns 992 shares of the company’s stock worth $48,000 after acquiring an additional 287 shares during the last quarter. Luts & Greenleigh Group Inc. boosted its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.1% during the 3rd quarter. Luts & Greenleigh Group Inc. now owns 25,907 shares of the company’s stock worth $1,261,000 after purchasing an additional 291 shares during the period. Finally, Horizon Family Wealth Inc. increased its holdings in iShares Core 1-5 Year USD Bond ETF by 0.9% in the 2nd quarter. Horizon Family Wealth Inc. now owns 32,725 shares of the company’s stock valued at $1,550,000 after purchasing an additional 307 shares during the last quarter.

About iShares Core 1-5 Year USD Bond ETF

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.