iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Decrease in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a significant decrease in short interest in June. As of June 15th, there was short interest totaling 99,193 shares, a decrease of 75.9% from the May 31st total of 411,262 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 853,959 shares, the short-interest ratio is presently 0.1 days.

iShares Core 1-5 Year USD Bond ETF Price Performance

iShares Core 1-5 Year USD Bond ETF stock remained flat at $48.30 during trading on Monday. The company had a trading volume of 885,170 shares, compared to its average volume of 512,023. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $48.02 and a 52-week high of $49.05. The firm has a market capitalization of $4.73 billion, a P/E ratio of 10.99 and a beta of 0.11. The firm’s 50-day moving average price is $48.27 and its 200 day moving average price is $48.54.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.172 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ISTB. Spire Wealth Management increased its position in iShares Core 1-5 Year USD Bond ETF by 37.5% during the fourth quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after purchasing an additional 218 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the first quarter worth about $44,000. Rossby Financial LCC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 41.7% in the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock valued at $48,000 after purchasing an additional 290 shares during the last quarter. Strive Financial Group LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at about $68,000. Finally, Dagco Inc. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at approximately $97,000.

About iShares Core 1-5 Year USD Bond ETF

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.