iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Large Increase in Short Interest

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 1,360,000 shares, an increase of 6.3% from the March 31st total of 1,280,000 shares. Based on an average daily volume of 3,045,000 shares, the short-interest ratio is currently 0.4 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.1 %

NASDAQ:IGSB opened at $50.79 on Wednesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $49.36 and a one year high of $51.53. The firm’s fifty day moving average price is $51.00 and its two-hundred day moving average price is $50.79.

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

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were issued a $0.1653 dividend. The ex-dividend date was Monday, April 1st. This represents a $1.98 annualized dividend and a dividend yield of 3.90%.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the business. Arkadios Wealth Advisors boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.4% in the first quarter. Arkadios Wealth Advisors now owns 21,223 shares of the company’s stock valued at $1,088,000 after acquiring an additional 1,643 shares during the period. Crescent Grove Advisors LLC boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.0% in the first quarter. Crescent Grove Advisors LLC now owns 94,911 shares of the company’s stock valued at $4,867,000 after acquiring an additional 8,618 shares during the period. SlateStone Wealth LLC boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 30.2% in the first quarter. SlateStone Wealth LLC now owns 11,535 shares of the company’s stock valued at $592,000 after acquiring an additional 2,675 shares during the period. Klaas Financial Asset Advisors LLC boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.7% in the first quarter. Klaas Financial Asset Advisors LLC now owns 833,670 shares of the company’s stock valued at $42,751,000 after acquiring an additional 22,074 shares during the period. Finally, Summit Financial LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.9% during the first quarter. Summit Financial LLC now owns 17,960 shares of the company’s stock worth $921,000 after purchasing an additional 1,611 shares during the period. Institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.