iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Significant Growth in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,759,624 shares, a growth of 83.7% from the August 31st total of 957,954 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 3,055,394 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. One Capital Management LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% in the 4th quarter. One Capital Management LLC now owns 5,293,249 shares of the company’s stock worth $285,200,000 after buying an additional 284,959 shares during the period. RMG Wealth Management LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at approximately $57,452,000. Bank of New York Mellon Corp lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.1% during the 1st quarter. Bank of New York Mellon Corp now owns 948,447 shares of the company’s stock valued at $50,476,000 after acquiring an additional 46,214 shares during the period. Syon Capital LLC boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.5% in the 4th quarter. Syon Capital LLC now owns 525,501 shares of the company’s stock valued at $28,314,000 after acquiring an additional 12,861 shares during the last quarter. Finally, Madison Asset Management LLC boosted its holdings 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 acquiring an additional 154,955 shares during the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.0%

Shares of NASDAQ:IGIB traded down $0.01 during trading on Tuesday, reaching $50.42. The stock had a trading volume of 7,737,219 shares, compared to its average volume of 2,956,661. The firm’s 50-day simple moving average is $51.91 and its 200 day simple moving average is $52.67. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $50.28 and a one year high of $54.58.

iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a $0.2219 dividend. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.22. This represents a $2.66 annualized dividend and a yield of 5.3%. The ex-dividend date of this dividend was Tuesday, September 1st.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

(Get Free Report)

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.

Further Reading

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