Short Interest in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Declines By 33.3%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 198,706 shares, a drop of 33.3% from the June 30th total of 297,719 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 196,197 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC increased its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after purchasing an additional 1,432 shares during the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the 1st 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. NBT Bank N A NY grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% in the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock valued at $58,000 after buying an additional 1,094 shares in the last quarter. Turn8 Private Wealth Inc. grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% in the 1st 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 in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 25.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 31,185 shares of the company’s stock valued at $1,575,000 after buying an additional 6,295 shares in the last quarter.

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

iShares 0-5 Year Investment Grade Corporate Bond ETF stock opened at $50.18 on Friday. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.02 and a 12 month high of $50.99. The company’s fifty day simple moving average is $50.23 and its 200-day simple moving average is $50.46.

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

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

About iShares 0-5 Year Investment Grade Corporate Bond ETF

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.