Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Drops By 47.7%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 2,735,078 shares, a decline of 47.7% from the June 30th total of 5,230,565 shares. Based on an average daily trading volume, of 3,209,717 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Hedge funds have recently modified their holdings of the stock. TD Private Client Wealth LLC boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% in the 4th quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock valued at $111,741,000 after buying an additional 297,436 shares during the last quarter. Western Wealth Management LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 289.3% during the fourth quarter. Western Wealth Management LLC now owns 26,505 shares of the company’s stock worth $1,428,000 after acquiring an additional 19,696 shares during the last quarter. Madison Asset Management LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 63.0% during the first quarter. Madison Asset Management LLC now owns 400,916 shares of the company’s stock worth $21,337,000 after acquiring an additional 154,955 shares during the last quarter. North Dallas Bank & Trust Co. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at $863,000. Finally, Syon Capital LLC lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.5% during the fourth quarter. Syon Capital LLC now owns 525,501 shares of the company’s stock valued at $28,314,000 after acquiring an additional 12,861 shares during the period. 76.98% of the stock is owned by institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.1%

NASDAQ IGIB traded down $0.06 on Friday, hitting $52.29. 3,309,112 shares of the company were exchanged, compared to its average volume of 2,994,500. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $52.15 and a 1-year high of $54.58. The firm has a 50 day moving average of $52.83 and a two-hundred day moving average of $53.33.

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

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