Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Increases By 21.8%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 1,562,999 shares, a growth of 21.8% from the December 31st total of 1,283,410 shares. Based on an average trading volume of 5,096,717 shares, the short-interest ratio is presently 0.3 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 5,096,717 shares, the short-interest ratio is presently 0.3 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Up 0.0%

Shares of NASDAQ:IGSB traded up $0.01 during midday trading on Wednesday, hitting $52.87. The company’s stock had a trading volume of 1,436,413 shares, compared to its average volume of 4,617,222. The stock’s 50 day simple moving average is $52.93 and its 200 day simple moving average is $52.92. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $51.49 and a fifty-two week high of $53.18.

iShares 1-5 Year Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd will be given a $0.198 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, February 2nd.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Private Wealth Asset Management LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $29,000. Aventura Private Wealth LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $34,000. Root Financial Partners LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth about $39,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $39,000. Finally, Harbor Investment Advisory LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% during the fourth quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock valued at $45,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.