iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Significant Growth in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a large increase in short interest in January. As of January 30th, there was short interest totaling 4,788,283 shares, an increase of 24.8% from the January 15th total of 3,836,498 shares. Approximately 1.5% of the shares of the stock are sold short. Based on an average daily volume of 4,029,861 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 4,029,861 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.5% of the shares of the stock are sold short.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.3%

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock traded up $0.15 during trading on Monday, reaching $54.35. 3,657,129 shares of the stock traded hands, compared to its average volume of 3,215,398. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $50.52 and a 52-week high of $54.56. The business has a fifty day simple moving average of $53.95 and a two-hundred day simple moving average of $53.94.

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

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a dividend of $0.2094 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date was Monday, February 2nd.

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

Several hedge funds have recently modified their holdings of IGIB. Abound Financial LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $4,112,000. Integrated Wealth Concepts LLC lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 11.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 11,546 shares of the company’s stock valued at $622,000 after purchasing an additional 1,154 shares during the last quarter. Rossby Financial LCC grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.8% in the 4th quarter. Rossby Financial LCC now owns 5,227 shares of the company’s stock worth $282,000 after buying an additional 287 shares in the last quarter. IFC & Insurance Marketing Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $45,000. Finally, Sandhill Capital Partners LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.1% during the 4th quarter. Sandhill Capital Partners LLC now owns 7,407 shares of the company’s stock valued at $399,000 after buying an additional 615 shares in the last quarter. 76.98% of the stock is owned by hedge funds and other institutional investors.

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.