iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Down 59.6% in May

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large drop in short interest in May. As of May 31st, there was short interest totalling 42,300 shares, a drop of 59.6% from the May 15th total of 104,700 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 559,100 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ISTB. eCIO Inc. purchased a new stake in iShares Core 1-5 Year USD Bond ETF during the 1st quarter valued at $2,583,000. Cim LLC boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 2.6% during the first quarter. Cim LLC now owns 550,344 shares of the company’s stock valued at $26,609,000 after purchasing an additional 13,733 shares during the period. First Hawaiian Bank grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 0.7% in the first quarter. First Hawaiian Bank now owns 89,050 shares of the company’s stock worth $4,306,000 after purchasing an additional 585 shares during the last quarter. Jones Financial Companies Lllp increased its stake in iShares Core 1-5 Year USD Bond ETF by 20.2% in the 1st quarter. Jones Financial Companies Lllp now owns 829,571 shares of the company’s stock worth $40,085,000 after buying an additional 139,369 shares during the period. Finally, Turn8 Private Wealth Inc. lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 16.1% during the 1st quarter. Turn8 Private Wealth Inc. now owns 55,496 shares of the company’s stock valued at $2,685,000 after buying an additional 7,701 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.2%

ISTB opened at $48.25 on Monday. The company’s 50 day moving average is $48.22 and its 200 day moving average is $48.06. The company has a market cap of $4.51 billion, a price-to-earnings ratio of 10.99 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $47.16 and a 12-month high of $48.75.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were issued a dividend of $0.1705 per share. The ex-dividend date was Monday, June 2nd. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.16. This represents a $2.05 dividend on an annualized basis and a yield of 4.24%.

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.