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) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,320,000 shares, an increase of 63.4% from the October 15th total of 1,420,000 shares. Based on an average daily trading volume, of 2,082,500 shares, the days-to-cover ratio is currently 1.1 days.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the business. One Capital Management LLC grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 18.6% in the 2nd quarter. One Capital Management LLC now owns 3,956,402 shares of the company’s stock valued at $202,805,000 after acquiring an additional 619,092 shares during the period. Haverford Trust Co grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% in the third quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock valued at $60,936,000 after purchasing an additional 37,657 shares during the period. Greenwood Gearhart Inc. grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.8% in the second quarter. Greenwood Gearhart Inc. now owns 1,037,024 shares of the company’s stock valued at $53,158,000 after purchasing an additional 27,782 shares during the period. Janney Montgomery Scott LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 35.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 586,741 shares of the company’s stock worth $31,520,000 after purchasing an additional 152,711 shares during the last quarter. Finally, Graypoint LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.8% during the 3rd quarter. Graypoint LLC now owns 485,651 shares of the company’s stock worth $26,089,000 after purchasing an additional 73,473 shares during the last quarter. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $51.94 on Thursday. The firm has a 50-day simple moving average of $53.05 and a two-hundred day simple moving average of $52.19. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.05 and a fifty-two week high of $54.10.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were given a dividend of $0.1939 per share. The ex-dividend date was Friday, November 1st. This represents a $2.33 dividend on an annualized basis and a yield of 4.48%. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

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.