iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Update

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSBGet Free Report) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 1,071,646 shares, a decrease of 77.6% from the June 30th total of 4,782,051 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 2,798,208 shares, the days-to-cover ratio is currently 0.4 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ IGSB traded up $0.04 during midday trading on Friday, reaching $52.05. The stock had a trading volume of 1,677,592 shares, compared to its average volume of 3,616,409. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $51.97 and a 12-month high of $53.25. The stock has a 50-day moving average of $52.26 and a 200-day moving average of $52.58.

iShares 1-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.2011 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.6%. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several large investors have recently made changes to their positions in IGSB. Kohmann Bosshard Financial Services LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $39,000. Birchwood Financial Partners Inc. purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $45,000. Kelleher Financial Advisors purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $51,000. Ares Financial Consulting LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $58,000. Finally, Thompson Investment Management Inc. boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 33.7% in the 4th quarter. Thompson Investment Management Inc. now owns 1,111 shares of the company’s stock worth $59,000 after purchasing an additional 280 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

(Get Free Report)

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.

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