iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Free Report) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 2,735,078 shares, a drop of 47.7% from the June 30th total of 5,230,565 shares. Based on an average daily trading volume, of 3,209,717 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are short sold.
iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.2%
Shares of IGIB stock traded up $0.08 during trading hours on Thursday, hitting $52.35. The company’s stock had a trading volume of 3,163,743 shares, compared to its average volume of 2,997,159. The company has a 50 day moving average of $52.84 and a 200 day moving average of $53.34. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $52.15 and a 12-month high of $54.58.
iShares 5-10 Year Investment Grade Corporate Bond ETF Announces Dividend
The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.2155 per share. The ex-dividend date was Wednesday, July 1st.
Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF
About iShares 5-10 Year Investment Grade Corporate Bond ETF
The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.
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