iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB – Get Free Report) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 550,165 shares, an increase of 454.6% from the June 15th total of 99,193 shares. Approximately 0.5% of the company’s shares are short sold. Based on an average daily volume of 406,782 shares, the days-to-cover ratio is presently 1.4 days.
Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF
Several large investors have recently modified their holdings of ISTB. Spire Wealth Management boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 37.5% during the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after buying an additional 218 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the first quarter worth approximately $44,000. Rossby Financial LCC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 41.7% during the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock valued at $48,000 after acquiring an additional 290 shares in the last quarter. Strive Financial Group LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth about $68,000. Finally, Dagco Inc. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at approximately $97,000.
iShares Core 1-5 Year USD Bond ETF Stock Down 0.1%
ISTB traded down $0.07 during trading hours on Monday, hitting $47.96. 379,640 shares of the company’s stock were exchanged, compared to its average volume of 507,091. The stock’s 50-day moving average is $48.19 and its two-hundred day moving average is $48.49. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $47.95 and a 1-year high of $49.05. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.
iShares Core 1-5 Year USD Bond ETF Cuts Dividend
About iShares Core 1-5 Year USD Bond ETF
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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