iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Large Growth in Short Interest

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 297,719 shares, an increase of 111.3% from the June 15th total of 140,913 shares. Based on an average daily volume of 217,962 shares, the short-interest ratio is presently 1.4 days. Currently, 0.6% of the company’s stock are short sold.

iShares 0-5 Year Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ:SLQD traded down $0.01 during midday trading on Thursday, hitting $50.21. The stock had a trading volume of 239,212 shares, compared to its average volume of 240,802. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.06 and a 12 month high of $50.99. The business’s 50-day simple moving average is $50.26 and its 200-day simple moving average is $50.51.

iShares 0-5 Year Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were paid a $0.1839 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Crews Bank & Trust increased its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% during the fourth quarter. Crews Bank & Trust now owns 736,390 shares of the company’s stock worth $37,335,000 after buying an additional 52,047 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock valued at $24,769,000 after buying an additional 24,974 shares during the period. Turn8 Private Wealth Inc. lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% in the first quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock valued at $3,037,000 after buying an additional 13,188 shares during the last quarter. Arkadios Wealth Advisors lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% in the first quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock valued at $1,123,000 after buying an additional 3,665 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after acquiring an additional 1,432 shares during the period.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.