iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Update

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a large decline in short interest during the month of October. As of October 31st, there was short interest totalling 2,160,000 shares, a decline of 11.5% from the October 15th total of 2,440,000 shares. Based on an average trading volume of 2,599,300 shares, the days-to-cover ratio is currently 0.8 days.

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

Hedge funds have recently bought and sold shares of the company. Alley Investment Management Company LLC lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.3% in the 1st quarter. Alley Investment Management Company LLC now owns 350,294 shares of the company’s stock valued at $17,963,000 after acquiring an additional 7,711 shares in the last quarter. Payden & Rygel Investment Group acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter worth $90,000. Wellington Wealth Strategies LLC. purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the first quarter valued at $5,925,000. Lazard Asset Management LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% during the first quarter. Lazard Asset Management LLC now owns 479,410 shares of the company’s stock valued at $24,583,000 after buying an additional 6,883 shares during the period. Finally, Fairview Capital Investment Management LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 1st quarter. Fairview Capital Investment Management LLC now owns 149,097 shares of the company’s stock worth $7,646,000 after acquiring an additional 1,175 shares in the last quarter. 76.06% of the stock is owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.1 %

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $51.81 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.19 and a 12-month high of $52.74. The stock’s fifty day moving average is $52.26 and its 200-day moving average is $51.76.

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

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a dividend of $0.1836 per share. This represents a $2.20 annualized dividend and a yield of 4.25%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.