Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Declines By 44.8%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,330,000 shares, a decrease of 44.8% from the February 13th total of 4,220,000 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 2,846,300 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the business. PSI Advisors LLC grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% in the fourth quarter. PSI Advisors LLC now owns 481 shares of the company’s stock valued at $25,000 after acquiring an additional 206 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $36,000. Fortitude Family Office LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $43,000. Thompson Investment Management Inc. grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 88.4% in the fourth quarter. Thompson Investment Management Inc. now owns 831 shares of the company’s stock worth $43,000 after acquiring an additional 390 shares in the last quarter. Finally, Copia Wealth Management bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $50,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

Shares of NASDAQ IGSB traded down $0.03 during trading hours on Friday, reaching $52.06. 3,452,069 shares of the stock were exchanged, compared to its average volume of 2,942,985. The stock’s fifty day simple moving average is $51.93 and its 200 day simple moving average is $52.05. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $50.58 and a 52 week high of $52.74.

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

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1867 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.