Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Increases By 140.2%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 1,824,794 shares, a growth of 140.2% from the July 30th total of 759,544 shares. Based on an average daily trading volume, of 2,688,989 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Captrust Financial Advisors increased its position 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 valued at $255,871,000 after purchasing an additional 276,694 shares during the last quarter. Williams Jones Wealth Management LLC. boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.8% during the fourth quarter. Williams Jones Wealth Management LLC. now owns 1,741,769 shares of the company’s stock worth $92,105,000 after buying an additional 169,709 shares during the period. Parkside Investments LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the fourth quarter. Parkside Investments LLC now owns 1,605,056 shares of the company’s stock worth $84,875,000 after buying an additional 39,720 shares during the period. One Capital Management LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% during the fourth quarter. One Capital Management LLC now owns 1,375,500 shares of the company’s stock valued at $72,736,000 after acquiring an additional 95,046 shares during the last quarter. Finally, RiverFront Investment Group LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 212.1% during the fourth quarter. RiverFront Investment Group LLC now owns 1,368,310 shares of the company’s stock valued at $72,356,000 after acquiring an additional 929,944 shares during the last quarter. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.3%

Shares of NASDAQ IGSB traded down $0.14 during mid-day trading on Friday, hitting $52.07. 3,737,963 shares of the company’s stock traded hands, compared to its average volume of 3,489,354. The company’s 50-day moving average is $52.17 and its two-hundred day moving average is $52.44. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.97 and a 1 year high of $53.25.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were paid a dividend of $0.1981 per share. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Monday, August 3rd.

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.