iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Significant Decline in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 38,343 shares, a decrease of 65.2% from the February 12th total of 110,237 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 459,811 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 459,811 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of ISTB traded down $0.01 during mid-day trading on Friday, reaching $48.46. 281,103 shares of the company were exchanged, compared to its average volume of 476,259. The business has a 50 day simple moving average of $48.79 and a two-hundred day simple moving average of $48.80. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $47.77 and a 52 week high of $49.05. The stock has a market capitalization of $4.73 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid a $0.1656 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. CoreCap Advisors LLC raised its stake in iShares Core 1-5 Year USD Bond ETF by 174.1% during the 3rd quarter. CoreCap Advisors LLC now owns 721 shares of the company’s stock worth $35,000 after buying an additional 458 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF during the 2nd quarter valued at about $37,000. Spire Wealth Management raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% in the fourth quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after purchasing an additional 218 shares during the last quarter. Rossby Financial LCC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% in the fourth quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after purchasing an additional 290 shares during the last quarter. Finally, Strive Financial Group LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at approximately $68,000.

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.