Short Interest in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Drops By 44.4%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a significant drop in short interest in December. As of December 15th, there was short interest totalling 153,200 shares, a drop of 44.4% from the November 30th total of 275,500 shares. Based on an average daily trading volume, of 261,300 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

Hedge funds have recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth approximately $57,000. Ashton Thomas Private Wealth LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $124,000. BNP Paribas Financial Markets increased its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% in the third quarter. BNP Paribas Financial Markets now owns 2,721 shares of the company’s stock worth $137,000 after purchasing an additional 1,006 shares in the last quarter. Arkadios Wealth Advisors acquired a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $512,000. Finally, Waterloo Capital L.P. boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 340.9% during the 2nd quarter. Waterloo Capital L.P. now owns 91,738 shares of the company’s stock worth $4,518,000 after buying an additional 70,931 shares in the last quarter.

iShares 0-5 Year Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ SLQD opened at $49.67 on Friday. The stock has a 50-day moving average price of $49.87 and a two-hundred day moving average price of $49.83. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $48.70 and a 12 month high of $50.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1654 per share. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.16. The ex-dividend date was Wednesday, December 18th.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.