Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Rises By 21.8%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 1,562,999 shares, a growth of 21.8% from the December 31st total of 1,283,410 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 5,096,717 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 5,096,717 shares, the short-interest ratio is presently 0.3 days. Currently, 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Vantage Financial Partners LLC raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.5% in the 4th quarter. Vantage Financial Partners LLC now owns 58,057 shares of the company’s stock valued at $3,070,000 after acquiring an additional 4,549 shares during the period. Oak Family Advisors LLC increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 277.0% in the 4th 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. Equitable Trust Co. increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% in the 4th quarter. Equitable Trust Co. now owns 199,800 shares of the company’s stock valued at $10,565,000 after purchasing an additional 11,472 shares during the last quarter. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $39,000. Finally, Strategic Blueprint LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 56.1% during the fourth quarter. Strategic Blueprint LLC now owns 11,819 shares of the company’s stock worth $625,000 after purchasing an additional 4,248 shares in the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

IGSB opened at $52.86 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $51.49 and a one year high of $53.18. The business’s 50 day moving average price is $52.92 and its 200 day moving average price is $52.92.

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

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be given a dividend of $0.198 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date of this dividend is Monday, February 2nd.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.