iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Up 152.8% in August

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 957,954 shares, an increase of 152.8% from the August 15th total of 379,007 shares. Based on an average trading volume of 2,244,648 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Archer Investment Corp increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% in the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock worth $26,000 after acquiring an additional 446 shares in the last quarter. Rothschild Investment LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $40,000. Strive Financial Group LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $43,000. Nalls Sherbakoff Group LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $89,000. Finally, Root Financial Partners LLC boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 15.5% in the first quarter. Root Financial Partners LLC now owns 2,023 shares of the company’s stock worth $108,000 after purchasing an additional 272 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.1%

NASDAQ:IGIB traded down $0.06 on Tuesday, hitting $51.13. The stock had a trading volume of 345,486 shares, compared to its average volume of 2,875,046. The business’s 50-day simple moving average is $52.23 and its two-hundred day simple moving average is $52.88. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.13 and a 52-week high of $54.58.

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

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a dividend of $0.2219 per share. This represents a c) annualized dividend and a yield of 5.2%. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22. The ex-dividend date was Tuesday, September 1st.

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.