iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Up 151.1% in September

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totalling 922,700 shares, an increase of 151.1% from the August 31st total of 367,400 shares. Based on an average daily volume of 1,943,300 shares, the short-interest ratio is presently 0.5 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.4 %

Shares of NASDAQ IGIB opened at $53.83 on Friday. The firm’s 50-day moving average price is $52.98 and its 200-day moving average price is $51.76. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $47.27 and a 1-year high of $54.10.

iShares 5-10 Year Investment Grade Corporate Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.192 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. JARISLOWSKY FRASER Ltd bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth $212,000. BNP Paribas acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter worth $13,032,000. Vantage Financial Partners LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $1,125,000. Jones Financial Companies Lllp lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 70.2% in the fourth quarter. Jones Financial Companies Lllp now owns 152,702 shares of the company’s stock valued at $7,941,000 after buying an additional 62,976 shares in the last quarter. Finally, SWS Partners grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.1% during the fourth quarter. SWS Partners now owns 49,285 shares of the company’s stock valued at $2,563,000 after buying an additional 2,851 shares during the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.