Short Interest in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Declines By 25.0%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 46,100 shares, a decline of 25.0% from the February 13th total of 61,500 shares. Based on an average trading volume of 229,400 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 203.3% in the third quarter. JPMorgan Chase & Co. now owns 139,749 shares of the company’s stock worth $7,048,000 after purchasing an additional 93,666 shares during the last quarter. Sierra Capital LLC grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 44.1% in the 4th quarter. Sierra Capital LLC now owns 134,622 shares of the company’s stock worth $6,696,000 after buying an additional 41,186 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,721 shares of the company’s stock worth $137,000 after buying an additional 1,006 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 106.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,722 shares of the company’s stock valued at $832,000 after buying an additional 8,609 shares in the last quarter. Finally, Avior Wealth Management LLC bought a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $209,000.

iShares 0-5 Year Investment Grade Corporate Bond ETF Price Performance

SLQD opened at $50.02 on Friday. The firm has a 50-day simple moving average of $49.93 and a two-hundred day simple moving average of $49.98. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $48.70 and a 52 week high of $50.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1673 per share. The ex-dividend date was Monday, March 3rd. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.16.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.