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

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIBGet Free Report) was the target of a large increase in short interest in April. As of April 15th, there was short interest totaling 3,931,284 shares, an increase of 31.8% from the March 31st total of 2,983,589 shares. Based on an average daily volume of 2,435,731 shares, the short-interest ratio is presently 1.6 days. Currently, 1.2% of the shares of the company are sold short.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.1%

iShares 5-10 Year Investment Grade Corporate Bond ETF stock traded down $0.04 during mid-day trading on Friday, hitting $53.25. The company had a trading volume of 374,578 shares, compared to its average volume of 3,248,950. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $51.61 and a 12-month high of $54.58. The company’s fifty day moving average is $53.51 and its 200-day moving average is $53.86.

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

The business also recently disclosed a dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st will be given a $0.2171 dividend. The ex-dividend date is Friday, May 1st.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Hedge funds have recently bought and sold shares of the stock. One Capital Management LLC raised its stake in shares of 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 buying an additional 284,959 shares during the period. Allstate Corp raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 44.2% during the 3rd quarter. Allstate Corp now owns 3,632,500 shares of the company’s stock worth $196,482,000 after buying an additional 1,112,701 shares during the period. TD Private Client Wealth LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% during the 4th quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock worth $111,741,000 after buying an additional 297,436 shares during the period. Klaas Financial Asset Advisors LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.2% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 1,680,245 shares of the company’s stock worth $90,532,000 after buying an additional 67,993 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.0% during the 4th quarter. Horizon Investments LLC now owns 1,080,000 shares of the company’s stock worth $58,190,000 after buying an additional 20,929 shares during the period. Hedge funds and other institutional investors own 76.98% of the company’s stock.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

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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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