Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Decreases By 47.7%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,735,078 shares, a decline of 47.7% from the June 30th total of 5,230,565 shares. Currently, 0.8% of the shares of the company are sold short. Based on an average daily trading volume, of 3,209,717 shares, the short-interest ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 289.3% during the fourth quarter. Western Wealth Management LLC now owns 26,505 shares of the company’s stock valued at $1,428,000 after purchasing an additional 19,696 shares during the period. TD Private Client Wealth LLC lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% in the fourth quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock worth $111,741,000 after purchasing an additional 297,436 shares during the period. Syon Capital LLC lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.5% in the fourth quarter. Syon Capital LLC now owns 525,501 shares of the company’s stock worth $28,314,000 after purchasing an additional 12,861 shares during the period. North Dallas Bank & Trust Co. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $863,000. Finally, Madison Asset Management LLC grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 63.0% in the 1st quarter. Madison Asset Management LLC now owns 400,916 shares of the company’s stock valued at $21,337,000 after buying an additional 154,955 shares in the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ IGIB traded down $0.17 during midday trading on Wednesday, hitting $52.27. 2,742,261 shares of the company’s stock were exchanged, compared to its average volume of 2,995,998. The stock’s 50 day moving average price is $52.85 and its 200-day moving average price is $53.35. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $52.15 and a twelve month high of $54.58.

iShares 5-10 Year Investment Grade Corporate Bond ETF Dividend Announcement

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2155 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.