Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Decreases By 44.1%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a large drop in short interest in June. As of June 15th, there was short interest totaling 2,508,925 shares, a drop of 44.1% from the May 31st total of 4,491,854 shares. Currently, 0.7% of the company’s stock are short sold. Based on an average trading volume of 2,356,606 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Archer Investment Corp raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the first quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after buying an additional 446 shares during the last quarter. Rothschild Investment LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth $40,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $45,000. MassMutual Private Wealth & Trust FSB lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after acquiring an additional 524 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $54,000. Institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ:IGIB traded up $0.03 during trading on Thursday, hitting $52.91. The company’s stock had a trading volume of 1,546,198 shares, compared to its average volume of 3,047,453. The company has a 50-day moving average of $53.08 and a 200-day moving average of $53.53. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $52.38 and a 12 month high of $54.58.

iShares 5-10 Year Investment Grade Corporate Bond ETF Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st will be paid a $0.2155 dividend. The ex-dividend date of this dividend is Wednesday, July 1st.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.