iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 957,954 shares, a growth of 152.8% from the August 15th total of 379,007 shares. Based on an average daily volume of 2,244,648 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are sold short.
Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Madison Asset Management LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 63.0% in the 1st quarter. Madison Asset Management LLC now owns 400,916 shares of the company’s stock valued at $21,337,000 after purchasing an additional 154,955 shares during the last quarter. Syon Capital LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.5% in the fourth quarter. Syon Capital LLC now owns 525,501 shares of the company’s stock valued at $28,314,000 after purchasing an additional 12,861 shares during the last quarter. TD Private Client Wealth LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% in the fourth quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock valued at $111,741,000 after purchasing an additional 297,436 shares during the last quarter. North Dallas Bank & Trust Co. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $863,000. Finally, One Capital Management LLC grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% during the 4th quarter. One Capital Management LLC now owns 5,293,249 shares of the company’s stock worth $285,200,000 after purchasing an additional 284,959 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.
iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.1%
iShares 5-10 Year Investment Grade Corporate Bond ETF stock traded down $0.04 during mid-day trading on Monday, reaching $51.19. 2,500,522 shares of the company were exchanged, compared to its average volume of 2,889,909. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $51.13 and a 12-month high of $54.58. The business has a fifty day moving average of $52.23 and a 200 day moving average of $52.88.
iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend
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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