iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Shares Shorted: Short Interest Up 71.6% in September

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 2,671,246 shares, a growth of 71.6% from the August 31st total of 1,557,104 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 3,527,823 shares, the short-interest ratio is currently 0.8 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Price Performance

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock traded down $0.14 on Thursday, reaching $51.09. The company had a trading volume of 2,807,476 shares, compared to its average volume of 3,635,004. The firm’s 50-day moving average price is $51.87 and its two-hundred day moving average price is $52.20. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.97 and a 1 year high of $53.25.

iShares 1-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st will be paid a dividend of $0.2037 per share. The ex-dividend date of this dividend is Thursday, October 1st. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2020. This represents a $2.44 annualized dividend and a yield of 4.8%.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% during the 4th quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock worth $255,871,000 after purchasing an additional 276,694 shares during the period. One Capital Management LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% in the fourth quarter. One Capital Management LLC now owns 1,375,500 shares of the company’s stock worth $72,736,000 after buying an additional 95,046 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.8% in the first quarter. Janney Montgomery Scott LLC now owns 826,787 shares of the company’s stock worth $43,456,000 after buying an additional 30,034 shares during the period. Parallel Advisors LLC lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 129.0% during the 1st quarter. Parallel Advisors LLC now owns 655,468 shares of the company’s stock worth $34,451,000 after acquiring an additional 369,284 shares during the last quarter. Finally, Monograph Wealth Advisors LLC lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.7% during the 1st quarter. Monograph Wealth Advisors LLC now owns 636,594 shares of the company’s stock worth $33,459,000 after acquiring an additional 71,550 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.