iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Stock Short Interest Drops 71.6%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 121,240 shares, a decrease of 71.6% from the September 15th total of 427,529 shares. Based on an average daily trading volume, of 374,665 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.2% of the company’s shares are short sold.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Down 0.0%

Shares of SLQD traded down $0.01 during trading hours on Tuesday, hitting $49.48. The stock had a trading volume of 311,013 shares, compared to its average volume of 247,940. The company’s fifty day simple moving average is $49.84 and its 200 day simple moving average is $50.14. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $49.23 and a 12-month high of $50.99.

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

The business also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a $0.1891 dividend. The ex-dividend date was Thursday, October 1st. This represents a $2.27 dividend on an annualized basis and a yield of 4.6%. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.1864.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. CoreCap Advisors LLC bought a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $45,000. Highland Investment Advisors LLC acquired a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $25,000. Parallel Advisors LLC increased its holdings in shares of 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 valued at $574,000 after acquiring an additional 1,432 shares during the last quarter. Arkadios Wealth Advisors increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% in the 1st quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock valued at $1,123,000 after acquiring an additional 3,665 shares during the last quarter. Finally, NBT Bank N A NY raised its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock valued at $58,000 after acquiring an additional 1,094 shares in the last quarter.

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.