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) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 1,824,794 shares, an increase of 140.2% from the July 30th total of 759,544 shares. Based on an average daily trading volume, of 2,688,989 shares, the short-interest ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are sold short.

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

A number of hedge funds have recently added to or reduced their stakes in IGSB. Burns J W & Co. Inc. NY boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 29.9% during the first quarter. Burns J W & Co. Inc. NY now owns 167,820 shares of the company’s stock valued at $8,821,000 after buying an additional 38,652 shares during the last quarter. Oak Family Advisors LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 277.0% during the fourth quarter. Oak Family Advisors LLC now owns 83,800 shares of the company’s stock valued at $4,431,000 after purchasing an additional 61,574 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.8% in the first quarter. Janney Montgomery Scott LLC now owns 826,787 shares of the company’s stock worth $43,456,000 after purchasing an additional 30,034 shares during the last quarter. Grey Ledge Advisors LLC raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 16.9% during the 4th quarter. Grey Ledge Advisors LLC now owns 96,102 shares of the company’s stock valued at $5,082,000 after buying an additional 13,876 shares during the last quarter. Finally, Palladiem LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $902,000. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.2%

iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded down $0.13 during mid-day trading on Friday, hitting $52.08. The company had a trading volume of 3,090,709 shares, compared to its average volume of 3,481,987. The stock’s 50 day moving average price is $52.18 and its two-hundred day moving average price is $52.44. 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.

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

The company also recently declared a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.1981 per share. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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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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