iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Down 31.4% in March

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,123,344 shares, a decrease of 31.4% from the February 26th total of 3,095,064 shares. Based on an average trading volume of 3,742,393 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of large investors have recently made changes to their positions in the business. AdvisorNet Financial Inc lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% in the 3rd quarter. AdvisorNet Financial Inc now owns 17,288 shares of the company’s stock valued at $917,000 after acquiring an additional 260 shares during the last quarter. Thompson Investment Management Inc. increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 33.7% during the fourth quarter. Thompson Investment Management Inc. now owns 1,111 shares of the company’s stock worth $59,000 after acquiring an additional 280 shares during the last quarter. Aventus Investment Advisors Inc. raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.4% during the third quarter. Aventus Investment Advisors Inc. now owns 70,845 shares of the company’s stock valued at $3,757,000 after purchasing an additional 312 shares during the period. United Community Bank lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.3% in the 3rd quarter. United Community Bank now owns 32,535 shares of the company’s stock valued at $1,725,000 after purchasing an additional 420 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.5% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 14,036 shares of the company’s stock valued at $742,000 after purchasing an additional 472 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

NASDAQ IGSB traded up $0.11 on Monday, reaching $52.42. The company had a trading volume of 4,112,666 shares, compared to its average volume of 4,251,367. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $51.49 and a 12 month high of $53.25. The firm’s 50 day moving average price is $52.86 and its 200 day moving average price is $52.92.

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

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1972 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, March 2nd.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.