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

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 550,165 shares, an increase of 454.6% from the June 15th total of 99,193 shares. Based on an average daily volume of 406,782 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.5% of the company’s stock are sold short.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.0%

Shares of ISTB traded down $0.02 during mid-day trading on Friday, hitting $48.03. The company’s stock had a trading volume of 219,720 shares, compared to its average volume of 508,072. The company’s 50-day moving average is $48.19 and its 200-day moving average is $48.50. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $47.98 and a 52-week high of $49.05. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.1713 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

A number of hedge funds have recently bought and sold shares of ISTB. Goldman Sachs Group Inc. raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 100.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 165,118 shares of the company’s stock worth $7,983,000 after acquiring an additional 82,911 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the 1st quarter worth $1,681,000. NewEdge Advisors LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 57,776 shares of the company’s stock worth $2,811,000 after purchasing an additional 6,809 shares during the last quarter. Betterment LLC boosted its position in iShares Core 1-5 Year USD Bond ETF by 6.8% during the second quarter. Betterment LLC now owns 39,922 shares of the company’s stock valued at $1,942,000 after purchasing an additional 2,550 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in iShares Core 1-5 Year USD Bond ETF by 60.0% during the second quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock valued at $24,979,000 after purchasing an additional 192,418 shares in the last quarter.

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.