iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB – Get Free Report) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 282,889 shares, a decrease of 48.6% from the June 30th total of 550,165 shares. Based on an average daily trading volume, of 424,587 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.3% of the company’s stock are sold short.
Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF
Several institutional investors have recently bought and sold shares of ISTB. PFG Advisors bought a new position in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth $819,000. Bartlett & CO. Wealth Management LLC boosted its position in iShares Core 1-5 Year USD Bond ETF by 31.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock valued at $27,113,000 after purchasing an additional 134,574 shares in the last quarter. Townsend & Associates Inc grew its stake in iShares Core 1-5 Year USD Bond ETF by 1.5% in the fourth quarter. Townsend & Associates Inc now owns 1,166,721 shares of the company’s stock valued at $56,866,000 after purchasing an additional 17,652 shares during the last quarter. Apella Capital LLC grew its stake in iShares Core 1-5 Year USD Bond ETF by 15.1% in the fourth quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock valued at $39,703,000 after purchasing an additional 106,752 shares during the last quarter. Finally, Chatterton & Associates Inc. bought a new position in iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth about $2,161,000.
iShares Core 1-5 Year USD Bond ETF Price Performance
ISTB stock opened at $48.05 on Friday. The business has a 50-day moving average price of $48.12 and a 200 day moving average price of $48.42. The company has a market capitalization of $5.11 billion, a P/E ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $47.88 and a 1-year high of $49.05.
iShares Core 1-5 Year USD Bond ETF Cuts Dividend
iShares Core 1-5 Year USD Bond ETF Company Profile
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.
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