iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Update

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 282,889 shares, a decrease of 48.6% from the June 30th total of 550,165 shares. Based on an average daily volume of 424,587 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Institutional investors have recently modified their holdings of the company. PFG Advisors purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at $819,000. Bartlett & CO. Wealth Management LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 31.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock worth $27,113,000 after purchasing an additional 134,574 shares in the last quarter. Townsend & Associates Inc raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 1.5% during the fourth quarter. Townsend & Associates Inc now owns 1,166,721 shares of the company’s stock valued at $56,866,000 after purchasing an additional 17,652 shares during the period. Apella Capital LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 15.1% in the fourth quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock worth $39,703,000 after acquiring an additional 106,752 shares in the last quarter. Finally, Chatterton & Associates Inc. bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth $2,161,000.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of ISTB stock traded down $0.03 during midday trading on Wednesday, reaching $48.00. 192,228 shares of the company traded hands, compared to its average volume of 496,596. The firm’s 50 day simple moving average is $48.13 and its two-hundred day simple moving average is $48.43. The firm has a market cap of $5.11 billion, a PE ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $47.88 and a 1-year high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.1713 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

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.