iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Update

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a significant increase in short interest during the month of 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. Based on an average daily trading volume, of 406,782 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.5% of the company’s stock are sold short.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Spire Wealth Management lifted 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 valued at $39,000 after purchasing an additional 218 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 1st quarter worth $44,000. Rossby Financial LCC grew 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 worth $48,000 after buying an additional 290 shares during the last quarter. Strive Financial Group LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth $68,000. Finally, Dagco Inc. acquired a new position in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at about $97,000.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.0%

Shares of iShares Core 1-5 Year USD Bond ETF stock traded down $0.02 on Friday, reaching $48.03. The stock had a trading volume of 219,720 shares, compared to its average volume of 508,072. The company has a 50 day moving average price of $48.19 and a 200 day moving average price of $48.50. iShares Core 1-5 Year USD Bond ETF has a 1 year low of $47.98 and a 1 year high of $49.05. The stock has a market capitalization of $5.04 billion, a P/E ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.1713 dividend. The ex-dividend date was Wednesday, July 1st.

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.