iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Shares Shorted: Short Interest Down 76.7% in September

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB – Get Free Report) was the target of a large drop in short interest in September. As of September 15th, there was short interest totaling 140,195 shares, a drop of 76.7% from the August 31st total of 601,181 shares. Based on an average trading volume of 391,608 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Several large investors have recently bought and sold shares of ISTB. Spinnaker Trust lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 2.9% during the fourth quarter. Spinnaker Trust now owns 1,384,279 shares of the company’s stock valued at $67,484,000 after purchasing an additional 38,402 shares in the last quarter. State of Wisconsin Investment Board lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 1.4% during the fourth quarter. State of Wisconsin Investment Board now owns 5,312,625 shares of the company’s stock worth $258,990,000 after acquiring an additional 71,400 shares during the period. Blue Jean Financial LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth $1,060,000. Destination Wealth Management increased its position in shares of iShares Core 1-5 Year USD Bond ETF by 5.6% during the 4th quarter. Destination Wealth Management now owns 612,783 shares of the company’s stock valued at $29,873,000 after purchasing an additional 32,589 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the 2nd quarter valued at $4,904,000.

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iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB traded up $0.08 during midday trading on Friday, reaching $47.31. 1,001,886 shares of the company were exchanged, compared to its average volume of 483,318. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a one year low of $47.21 and a one year high of $49.05. The company’s fifty day moving average price is $47.85 and its 200 day moving average price is $48.14.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a dividend of $0.1772 per share. This represents a $2.13 annualized dividend and a yield of 4.5%. This is an increase from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.1743. The ex-dividend date was Tuesday, September 1st.

About iShares Core 1-5 Year USD Bond ETF

(Get Free Report)

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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