iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Update

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 1,518,757 shares, a growth of 48.3% from the November 30th total of 1,023,995 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average trading volume of 2,495,235 shares, the days-to-cover ratio is presently 0.6 days. Based on an average trading volume of 2,495,235 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the shares of the company are sold short.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Up 0.0%

Shares of IGSB stock traded up $0.03 during midday trading on Monday, hitting $52.93. The company had a trading volume of 1,303,284 shares, compared to its average volume of 3,062,822. The company’s 50 day simple moving average is $52.94 and its 200 day simple moving average is $52.83. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.39 and a 52-week high of $53.18.

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

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were issued a $0.2018 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Keystone Global Partners LLC grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 108.8% in the 2nd quarter. Keystone Global Partners LLC now owns 520,705 shares of the company’s stock valued at $27,000 after acquiring an additional 271,286 shares during the last quarter. Private Wealth Asset Management LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $29,000. Root Financial Partners LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $39,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $46,000. Finally, Kelleher Financial Advisors purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $51,000. Hedge funds and other 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.