iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Update

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 136,917 shares, a growth of 70.6% from the May 14th total of 80,239 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 181,018 shares, the days-to-cover ratio is currently 0.8 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

SLQD traded up $0.01 during trading on Monday, hitting $50.30. The stock had a trading volume of 118,486 shares, compared to its average volume of 246,665. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.13 and a 12 month high of $50.99. The company has a 50 day simple moving average of $50.37 and a 200-day simple moving average of $50.58.

iShares 0-5 Year Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.1844 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. NBT Bank N A NY increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after purchasing an additional 1,094 shares during the period. Triumph Capital Management bought a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth about $67,000. Adalta Capital Management LLC bought a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth about $396,000. Parallel Advisors LLC increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 114.6% during the 3rd quarter. Parallel Advisors LLC now owns 9,945 shares of the company’s stock worth $506,000 after purchasing an additional 5,310 shares during the period. Finally, Arkadios Wealth Advisors increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.1% during the 4th quarter. Arkadios Wealth Advisors now owns 18,571 shares of the company’s stock worth $942,000 after purchasing an additional 3,362 shares during the period.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.