Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Grows By 108.5%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,230,565 shares, an increase of 108.5% from the June 15th total of 2,508,925 shares. Based on an average daily volume of 3,053,978 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.5% of the shares of the stock are sold short.

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

Several institutional investors have recently modified their holdings of IGIB. Archer Investment Corp raised its holdings in 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 worth $26,000 after purchasing an additional 446 shares during the last quarter. Rothschild Investment LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $40,000. IFC & Insurance Marketing Inc. purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $45,000. MassMutual Private Wealth & Trust FSB increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after buying an additional 524 shares in the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $54,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.3%

Shares of NASDAQ IGIB traded up $0.15 during midday trading on Wednesday, hitting $52.72. The company had a trading volume of 1,439,661 shares, compared to its average volume of 3,048,738. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $52.38 and a twelve month high of $54.58. The business has a 50-day simple moving average of $52.96 and a two-hundred day simple moving average of $53.46.

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

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.2155 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

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.