iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Up 48.3% in December

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 1,518,757 shares, a growth of 48.3% from the November 30th total of 1,023,995 shares. Based on an average daily volume of 2,495,235 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 2,495,235 shares, the short-interest ratio is currently 0.6 days.

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

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock remained flat at $52.93 during midday trading on Tuesday. The company had a trading volume of 2,999,670 shares, compared to its average volume of 3,063,892. The firm has a 50-day moving average price of $52.94 and a 200 day moving average price of $52.83. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $51.39 and a 52 week high of $53.18.

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

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were given a $0.2018 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend was Friday, December 19th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IGSB. AdvisorNet Financial Inc increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% during the 3rd quarter. AdvisorNet Financial Inc now owns 17,288 shares of the company’s stock valued at $917,000 after purchasing an additional 260 shares during the last quarter. Aventus Investment Advisors Inc. increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.4% during the third quarter. Aventus Investment Advisors Inc. now owns 70,845 shares of the company’s stock valued at $3,757,000 after buying an additional 312 shares during the last quarter. Princeton Global Asset Management LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.6% in the second quarter. Princeton Global Asset Management LLC now owns 50,805 shares of the company’s stock worth $2,680,000 after acquiring an additional 318 shares during the period. United Community Bank boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.3% during the 3rd quarter. United Community Bank now owns 32,535 shares of the company’s stock worth $1,725,000 after acquiring an additional 420 shares during the last quarter. Finally, Private Wealth Asset Management LLC bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at $29,000. Institutional investors own 76.06% of the company’s stock.

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.