Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Drops By 77.6%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,071,646 shares, a decline of 77.6% from the June 30th total of 4,782,051 shares. Based on an average trading volume of 2,798,208 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the company’s shares are sold short.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $52.05 on Friday. The business has a 50-day moving average of $52.26 and a two-hundred day moving average of $52.58. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.97 and a 1 year high of $53.25.

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

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a $0.2011 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.6%. This is a boost from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

Hedge funds have recently bought and sold shares of the stock. Kohmann Bosshard Financial Services LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $39,000. Birchwood Financial Partners Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $45,000. Kelleher Financial Advisors bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter worth $51,000. Ares Financial Consulting LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $58,000. Finally, Thompson Investment Management Inc. raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 33.7% during the fourth quarter. Thompson Investment Management Inc. now owns 1,111 shares of the company’s stock worth $59,000 after acquiring an additional 280 shares during the period. 76.06% of the stock is currently owned by institutional investors and hedge funds.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.