iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Down 80.5% in July

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIBGet Free Report) saw a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 533,232 shares, a decline of 80.5% from the July 15th total of 2,735,078 shares. Based on an average daily trading volume, of 2,446,157 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the stock are short sold.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.0%

NASDAQ:IGIB opened at $52.18 on Wednesday. The stock has a 50 day moving average of $52.71 and a two-hundred day moving average of $53.24. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $52.12 and a 12 month high of $54.58.

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

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.22 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. One Capital Management LLC lifted 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 valued at $285,200,000 after purchasing an additional 284,959 shares in the last quarter. TD Private Client Wealth LLC grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% during the fourth 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 in the last quarter. Klaas Financial Asset Advisors LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.2% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 1,680,245 shares of the company’s stock valued at $90,532,000 after buying an additional 67,993 shares during the last quarter. Horizon Investments LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.0% in the fourth quarter. Horizon Investments LLC now owns 1,080,000 shares of the company’s stock valued at $58,190,000 after buying an additional 20,929 shares during the last quarter. Finally, RMG Wealth Management LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the first quarter valued at about $57,452,000. 76.98% of the stock is owned by institutional investors and hedge funds.

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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