iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 957,954 shares, an increase of 152.8% from the August 15th total of 379,007 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 2,244,648 shares, the days-to-cover ratio is presently 0.4 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.1%

IGIB opened at $51.23 on Friday. The firm’s 50 day moving average is $52.26 and its 200-day moving average is $52.92. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.22 and a 52-week high of $54.58.

iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.2219 dividend. The ex-dividend date was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 5.2%. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the business. Archer Investment Corp increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock worth $26,000 after purchasing an additional 446 shares during the last quarter. Rothschild Investment LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $40,000. Strive Financial Group LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at $43,000. IFC & Insurance Marketing Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $45,000. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $54,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.