Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Decreases By 44.1%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 2,508,925 shares, a drop of 44.1% from the May 31st total of 4,491,854 shares. Based on an average daily volume of 2,356,606 shares, the short-interest ratio is currently 1.1 days. Currently, 0.7% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of IGIB. One Capital Management LLC boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% during the fourth quarter. One Capital Management LLC now owns 5,293,249 shares of the company’s stock worth $285,200,000 after acquiring an additional 284,959 shares in the last quarter. TD Private Client Wealth LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% in the fourth quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock valued at $111,741,000 after purchasing an additional 297,436 shares in the last quarter. Klaas Financial Asset Advisors LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.2% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 1,680,245 shares of the company’s stock valued at $90,532,000 after purchasing an additional 67,993 shares in the last quarter. Horizon Investments LLC increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.0% in the fourth quarter. Horizon Investments LLC now owns 1,080,000 shares of the company’s stock valued at $58,190,000 after purchasing an additional 20,929 shares in the last quarter. Finally, RMG Wealth Management LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter valued at about $57,452,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

IGIB traded down $0.29 during trading on Wednesday, hitting $52.88. The company’s stock had a trading volume of 6,291,286 shares, compared to its average volume of 3,060,392. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $52.38 and a twelve month high of $54.58. The stock’s fifty day moving average price is $53.09 and its 200-day moving average price is $53.54.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.2162 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 4.9%.

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.