iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Up 106.6% in April

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 110,199 shares, an increase of 106.6% from the April 15th total of 53,343 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 272,213 shares, the days-to-cover ratio is currently 0.4 days.

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

NASDAQ:SLQD traded down $0.08 on Friday, reaching $50.23. 104,036 shares of the company’s stock traded hands, compared to its average volume of 256,879. The stock has a 50-day simple moving average of $50.44 and a 200-day simple moving average of $50.65. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.09 and a 12 month high of $50.99.

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

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a dividend of $0.186 per share. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of SLQD. NBT Bank N A NY raised its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the first 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 during the period. Triumph Capital Management bought a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at about $67,000. Valley Wealth Managers Inc. raised its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 109.9% during the third quarter. Valley Wealth Managers Inc. now owns 1,618 shares of the company’s stock valued at $82,000 after acquiring an additional 847 shares during the period. Adalta Capital Management LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter worth about $396,000. Finally, Parallel Advisors LLC increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 114.6% in the third quarter. Parallel Advisors LLC now owns 9,945 shares of the company’s stock worth $506,000 after purchasing an additional 5,310 shares during 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.