iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Update

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large growth in short interest in August. As of August 31st, there was short interest totaling 601,181 shares, a growth of 277.8% from the August 15th total of 159,137 shares. Based on an average daily volume of 384,164 shares, the days-to-cover ratio is currently 1.6 days. Currently, 0.6% of the shares of the stock are short sold.

iShares Core 1-5 Year USD Bond ETF Price Performance

NASDAQ ISTB traded down $0.06 on Monday, hitting $47.47. 21,147 shares of the stock were exchanged, compared to its average volume of 474,038. The company has a market capitalization of $5.07 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $47.47 and a 52-week high of $49.05. The company’s 50-day moving average price is $47.97 and its two-hundred day moving average price is $48.23.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a $0.1772 dividend. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in ISTB. Turtle Creek Wealth Advisors LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF during the first quarter worth approximately $44,000. Rossby Financial LCC raised its position in iShares Core 1-5 Year USD Bond ETF by 41.7% in the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock valued at $48,000 after purchasing an additional 290 shares during the last quarter. IFP Advisors Inc increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 154.2% in the 2nd quarter. IFP Advisors Inc now owns 1,253 shares of the company’s stock valued at $60,000 after buying an additional 760 shares during the period. Strive Financial Group LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at $68,000. Finally, Banque Transatlantique SA boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 47.4% in the fourth quarter. Banque Transatlantique SA now owns 2,126 shares of the company’s stock valued at $104,000 after acquiring an additional 684 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Company Profile

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.