iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Down 77.6% in July

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a large decrease in short interest in 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. Based on an average daily volume of 2,798,208 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s stock are short sold.

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

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded up $0.01 on Monday, hitting $52.06. 2,193,092 shares of the company’s stock traded hands, compared to its average volume of 3,606,306. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $51.97 and a 52-week high of $53.25. The firm’s 50-day moving average is $52.26 and its 200 day moving average is $52.58.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.2011 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $39,000. Birchwood Financial Partners Inc. acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $45,000. Kelleher Financial Advisors acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter worth about $51,000. Ares Financial Consulting LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $58,000. Finally, Thompson Investment Management Inc. increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 33.7% in the fourth quarter. Thompson Investment Management Inc. now owns 1,111 shares of the company’s stock valued at $59,000 after buying an additional 280 shares during the last quarter. 76.06% of the stock is owned by institutional investors and hedge funds.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.