Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Grows By 86.1%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 1,650,000 shares, an increase of 86.1% from the January 15th total of 886,800 shares. Based on an average daily volume of 2,049,800 shares, the short-interest ratio is presently 0.8 days.

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

NASDAQ IGIB traded up $0.19 on Friday, reaching $51.99. The company had a trading volume of 1,035,623 shares, compared to its average volume of 1,838,127. The stock’s 50 day moving average is $51.68 and its 200-day moving average is $52.44. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.90 and a 52 week high of $54.10.

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

The company also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.198 per share. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. WestEnd Advisors LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $25,000. SBI Securities Co. Ltd. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $28,000. MassMutual Private Wealth & Trust FSB increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock valued at $60,000 after buying an additional 780 shares in the last quarter. SouthState Corp bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $63,000. Finally, Centennial Bank AR bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $66,000. Institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

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.