iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Significant Decline in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 18,864 shares, a drop of 78.7% from the April 15th total of 88,571 shares. Based on an average daily volume of 362,772 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ISTB. Goldman Sachs Group Inc. lifted its position in iShares Core 1-5 Year USD Bond ETF by 100.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 165,118 shares of the company’s stock valued at $7,983,000 after acquiring an additional 82,911 shares during the period. Jane Street Group LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 1st quarter valued at about $1,681,000. NewEdge Advisors LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 13.4% during the 2nd quarter. NewEdge Advisors LLC now owns 57,776 shares of the company’s stock valued at $2,811,000 after acquiring an additional 6,809 shares during the period. Betterment LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 6.8% during the 2nd quarter. Betterment LLC now owns 39,922 shares of the company’s stock valued at $1,942,000 after acquiring an additional 2,550 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in iShares Core 1-5 Year USD Bond ETF by 60.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 513,291 shares of the company’s stock valued at $24,979,000 after acquiring an additional 192,418 shares during the period.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of NASDAQ:ISTB remained flat at $48.25 on Wednesday. 207,325 shares of the stock traded hands, compared to its average volume of 467,673. The stock’s 50-day moving average is $48.45 and its 200-day moving average is $48.68. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $48.06 and a 12-month high of $49.05. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.1722 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Friday, May 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.