iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Significant Decline in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 18,864 shares, a decrease of 78.7% from the April 15th total of 88,571 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 362,772 shares, the short-interest ratio is presently 0.1 days.

iShares Core 1-5 Year USD Bond ETF Price Performance

ISTB remained flat at $48.25 during trading on Wednesday. 207,325 shares of the company’s stock traded hands, compared to its average volume of 467,673. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The company has a 50-day moving average price of $48.45 and a 200-day moving average price of $48.68. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $48.06 and a fifty-two week high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a $0.1722 dividend. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. PFG Advisors purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth about $819,000. Cahaba Wealth Management Inc. lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 6.7% in the 4th quarter. Cahaba Wealth Management Inc. now owns 1,064,566 shares of the company’s stock worth $51,898,000 after purchasing an additional 66,931 shares during the period. Apella Capital LLC lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 15.1% in the 4th quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock worth $39,703,000 after purchasing an additional 106,752 shares during the period. Chatterton & Associates Inc. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth about $2,161,000. Finally, Bartlett & CO. Wealth Management LLC lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 31.9% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock worth $27,113,000 after purchasing an additional 134,574 shares during the period.

About iShares Core 1-5 Year USD Bond ETF

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.