Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Declines By 75.9%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large decrease in short interest in June. As of June 15th, there was short interest totaling 99,193 shares, a decrease of 75.9% from the May 31st total of 411,262 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 853,959 shares, the short-interest ratio is currently 0.1 days.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Goldman Sachs Group Inc. grew its position in iShares Core 1-5 Year USD Bond ETF by 100.9% in the first quarter. Goldman Sachs Group Inc. now owns 165,118 shares of the company’s stock valued at $7,983,000 after purchasing an additional 82,911 shares in the last quarter. Jane Street Group LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF during the 1st quarter worth about $1,681,000. NewEdge Advisors LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 57,776 shares of the company’s stock worth $2,811,000 after buying an additional 6,809 shares in the last quarter. Betterment LLC boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 6.8% during the 2nd quarter. Betterment LLC now owns 39,922 shares of the company’s stock worth $1,942,000 after buying an additional 2,550 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 60.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock worth $24,979,000 after buying an additional 192,418 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Trading Up 0.1%

Shares of iShares Core 1-5 Year USD Bond ETF stock traded up $0.05 during trading on Friday, reaching $48.30. The stock had a trading volume of 184,624 shares, compared to its average volume of 508,940. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The stock has a fifty day moving average price of $48.27 and a two-hundred day moving average price of $48.54. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $48.02 and a 52 week high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.172 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.3%.

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.