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

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 140,195 shares, a drop of 76.7% from the August 31st total of 601,181 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 391,608 shares, the short-interest ratio is presently 0.4 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of ISTB. Envestnet Asset Management Inc. grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 9.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 609,935 shares of the company’s stock worth $29,429,000 after acquiring an additional 52,473 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of iShares Core 1-5 Year USD Bond ETF by 21.0% during the 2nd quarter. NewEdge Advisors LLC now owns 79,682 shares of the company’s stock valued at $3,845,000 after acquiring an additional 13,814 shares in the last quarter. IFP Advisors Inc lifted its stake in iShares Core 1-5 Year USD Bond ETF by 154.2% during the second quarter. IFP Advisors Inc now owns 1,253 shares of the company’s stock worth $60,000 after purchasing an additional 760 shares during the last quarter. Baird Financial Group Inc. lifted its stake in iShares Core 1-5 Year USD Bond ETF by 3.7% during the second quarter. Baird Financial Group Inc. now owns 30,025 shares of the company’s stock worth $1,449,000 after purchasing an additional 1,082 shares during the last quarter. Finally, XY Planning Network Inc. boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 32.4% in the second quarter. XY Planning Network Inc. now owns 42,588 shares of the company’s stock worth $2,055,000 after purchasing an additional 10,424 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.3%

Shares of ISTB traded down $0.12 during midday trading on Monday, hitting $47.19. The company had a trading volume of 980,387 shares, compared to its average volume of 485,182. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The company’s 50 day moving average price is $47.85 and its 200 day moving average price is $48.13. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $47.17 and a 52 week high of $49.05.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.1772 dividend. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743. This represents a $2.13 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

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.