Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Increases By 848.4%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 411,262 shares, an increase of 848.4% from the May 14th total of 43,365 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average trading volume of 695,443 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

A number of hedge funds have recently bought and sold shares of the business. Spire Wealth Management raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% in the fourth quarter. Spire Wealth Management now owns 800 shares of the company’s stock valued at $39,000 after buying an additional 218 shares during the period. Turtle Creek Wealth Advisors LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the first quarter valued at $44,000. Rossby Financial LCC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% in the fourth quarter. Rossby Financial LCC now owns 986 shares of the company’s stock valued at $48,000 after buying an additional 290 shares during the period. Strive Financial Group LLC bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at $68,000. Finally, Rothschild Investment LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 41.8% in the third quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock valued at $83,000 after buying an additional 500 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.3%

ISTB stock opened at $48.20 on Friday. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $48.02 and a twelve month high of $49.05. The stock’s 50 day moving average is $48.32 and its 200-day moving average is $48.59. The firm has a market capitalization of $4.72 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date was Monday, June 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.