iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Update

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 297,719 shares, a growth of 111.3% from the June 15th total of 140,913 shares. Based on an average daily volume of 217,962 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the shares of the stock are sold short.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Up 0.1%

SLQD traded up $0.03 during midday trading on Friday, reaching $50.24. 38,609 shares of the company’s stock were exchanged, compared to its average volume of 239,259. iShares 0-5 Year Investment Grade Corporate Bond ETF has a one year low of $50.06 and a one year high of $50.99. The business has a 50-day simple moving average of $50.26 and a two-hundred day simple moving average of $50.50.

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

The business also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.1839 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of SLQD. Ameriprise Financial Inc. boosted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 3.7% in the second quarter. Ameriprise Financial Inc. now owns 887,637 shares of the company’s stock valued at $44,894,000 after buying an additional 31,437 shares in the last quarter. Triumph Capital Management acquired a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $67,000. Adalta Capital Management LLC acquired a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the third quarter worth approximately $396,000. IFP Advisors Inc increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 11.5% during the third quarter. IFP Advisors Inc now owns 54,182 shares of the company’s stock worth $2,754,000 after buying an additional 5,582 shares in the last quarter. Finally, Crews Bank & Trust raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% in the fourth quarter. Crews Bank & Trust now owns 736,390 shares of the company’s stock valued at $37,335,000 after acquiring an additional 52,047 shares during the last quarter.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

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.