iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 3,434,177 shares, a decline of 28.3% from the January 29th total of 4,788,283 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 3,186,422 shares, the days-to-cover ratio is currently 1.1 days. Based on an average trading volume of 3,186,422 shares, the days-to-cover ratio is currently 1.1 days. Currently, 1.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Rossby Financial LCC raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.8% during the 4th quarter. Rossby Financial LCC now owns 5,227 shares of the company’s stock valued at $282,000 after purchasing an additional 287 shares during the period. General Partner Inc. grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% during the fourth quarter. General Partner Inc. now owns 2,165 shares of the company’s stock valued at $117,000 after buying an additional 320 shares in the last quarter. ETF Portfolio Partners Inc. raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.4% during the third quarter. ETF Portfolio Partners Inc. now owns 27,384 shares of the company’s stock valued at $1,481,000 after buying an additional 373 shares during the period. Diversified Portfolios Inc. lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.6% in the 4th quarter. Diversified Portfolios Inc. now owns 24,015 shares of the company’s stock worth $1,294,000 after acquiring an additional 380 shares in the last quarter. Finally, Equitable Trust Co. lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% in the 4th quarter. Equitable Trust Co. now owns 4,823 shares of the company’s stock worth $260,000 after acquiring an additional 398 shares in the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

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

Shares of IGIB opened at $54.51 on Friday. The business’s 50-day moving average price is $54.05 and its 200 day moving average price is $54.01. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.52 and a 1-year high of $54.58.

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

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.2094 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Monday, February 2nd.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

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.