iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Large Drop in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,550,000 shares, a decrease of 28.6% from the February 28th total of 2,170,000 shares. Based on an average daily volume of 1,971,300 shares, the short-interest ratio is presently 0.8 days. Currently, 0.5% of the shares of the company are sold short.

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

Shares of NASDAQ IGIB traded up $0.08 during midday trading on Monday, reaching $52.52. 1,846,943 shares of the stock were exchanged, compared to its average volume of 2,031,141. The firm has a 50-day simple moving average of $52.09 and a two-hundred day simple moving average of $52.28. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.91 and a twelve month high of $54.10.

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

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1981 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after acquiring an additional 1,399,131 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 18,741.6% during the third quarter. BNP Paribas Financial Markets now owns 331,800 shares of the company’s stock worth $17,824,000 after purchasing an additional 330,039 shares in the last quarter. TD Private Client Wealth LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 38.3% during the 4th quarter. TD Private Client Wealth LLC now owns 1,117,851 shares of the company’s stock worth $57,580,000 after purchasing an additional 309,753 shares during the last quarter. MFA Wealth Advisors LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $14,918,000. Finally, Syon Capital LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $13,463,000. 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.