iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Significant Growth in Short Interest

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 2,640,000 shares, an increase of 174.3% from the May 31st total of 962,400 shares. Based on an average daily volume of 2,808,800 shares, the days-to-cover ratio is currently 0.9 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

IGSB traded down $0.02 on Friday, reaching $51.24. 2,817,108 shares of the company’s stock were exchanged, compared to its average volume of 2,961,078. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.36 and a twelve month high of $51.53. The stock’s fifty day moving average price is $51.07 and its 200-day moving average price is $51.09.

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

The business also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were given a $0.1744 dividend. The ex-dividend date was Monday, June 3rd. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.08%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. ICA Group Wealth Management LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $25,000. Headinvest LLC purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $33,000. Tidemark LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $49,000. Park Place Capital Corp raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 270.8% in the 1st quarter. Park Place Capital Corp now owns 1,483 shares of the company’s stock valued at $76,000 after buying an additional 1,083 shares during the period. Finally, Richardson Financial Services Inc. lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% in the first quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock valued at $79,000 after buying an additional 1,478 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.