iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,071,646 shares, a decrease of 77.6% from the June 30th total of 4,782,051 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 2,798,208 shares, the days-to-cover ratio is currently 0.4 days.
iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance
Shares of NASDAQ IGSB traded up $0.04 during midday trading on Friday, reaching $52.05. The stock had a trading volume of 1,677,592 shares, compared to its average volume of 3,616,409. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $51.97 and a 12-month high of $53.25. The stock has a 50-day moving average of $52.26 and a 200-day moving average of $52.58.
iShares 1-5 Year Investment Grade Corporate Bond ETF Increases Dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.2011 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.6%. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.
Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF
About iShares 1-5 Year Investment Grade Corporate Bond ETF
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.
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