Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Decreases By 31.4%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 2,123,344 shares, a decrease of 31.4% from the February 26th total of 3,095,064 shares. Based on an average daily volume of 3,742,393 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.5% of the shares of the company are short sold.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.1%

Shares of IGSB stock traded up $0.05 during mid-day trading on Friday, hitting $52.31. The stock had a trading volume of 4,550,696 shares, compared to its average volume of 4,253,720. The company’s 50-day simple moving average is $52.87 and its 200-day simple moving average is $52.93. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $51.49 and a fifty-two week high of $53.25.

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

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were issued a $0.1972 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IGSB. Nalls Sherbakoff Group LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $6,181,000. Union Savings Bank purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $848,000. Birchwood Financial Partners Inc. purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $45,000. Strive Financial Group LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $1,246,000. Finally, City National Bank of Florida MSD boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.3% in the 4th quarter. City National Bank of Florida MSD now owns 38,133 shares of the company’s stock worth $2,016,000 after buying an additional 1,587 shares during the last quarter. 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.