iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 541,800 shares, an increase of 7.3% from the December 15th total of 504,800 shares. Based on an average daily volume of 2,093,300 shares, the short-interest ratio is currently 0.3 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of IGIB opened at $51.50 on Monday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.90 and a 12 month high of $54.10. The firm has a fifty day simple moving average of $51.87 and a 200 day simple moving average of $52.45.

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

The company also recently announced a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a dividend of $0.1996 per share. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Wednesday, December 18th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IGIB. EverSource Wealth Advisors LLC increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 56.0% during the second quarter. EverSource Wealth Advisors LLC now owns 5,199 shares of the company’s stock worth $272,000 after purchasing an additional 1,867 shares during the period. Toronto Dominion Bank bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth $15,378,000. Sunbelt Securities Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth $154,000. RiverFront Investment Group LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $877,000. Finally, Arkansas Financial Group Inc. grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.4% in the third quarter. Arkansas Financial Group Inc. now owns 399,695 shares of the company’s stock valued at $21,472,000 after acquiring an additional 5,582 shares in the last quarter. Institutional investors 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.