iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Large Increase in Short Interest

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQDGet Free Report) was the recipient of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 136,917 shares, an increase of 70.6% from the May 14th total of 80,239 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 181,018 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cary Street Partners Financial LLC increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.5% during the 4th quarter. Cary Street Partners Financial LLC now owns 26,867 shares of the company’s stock worth $1,362,000 after purchasing an additional 389 shares during the last quarter. NBT Bank N A NY increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after purchasing an additional 1,094 shares during the last quarter. Triumph Capital Management acquired a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth about $67,000. Parallel Advisors LLC increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 11.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 24,890 shares of the company’s stock valued at $1,262,000 after purchasing an additional 2,569 shares during the period.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of SLQD stock remained flat at $50.32 during trading on Wednesday. 64,549 shares of the stock traded hands, compared to its average volume of 244,187. The firm’s 50-day moving average price is $50.37 and its two-hundred day moving average price is $50.58. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.13 and a 1 year high of $50.99.

iShares 0-5 Year Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.1844 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, June 1st.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

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The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.

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