Short Interest in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Rises By 30.6%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 179,325 shares, an increase of 30.6% from the February 26th total of 137,283 shares. Based on an average daily trading volume, of 308,950 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.4% of the company’s shares are short sold.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Up 0.2%

NASDAQ:SLQD traded up $0.09 during trading hours on Monday, hitting $50.39. The company had a trading volume of 247,214 shares, compared to its average volume of 250,192. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.61 and a 1 year high of $50.99. The company has a 50-day moving average of $50.70 and a 200 day moving average of $50.73.

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

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1803 dividend. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Monday, March 2nd.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Institutional investors have recently bought and sold shares of the company. Triumph Capital Management purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $67,000. Valley Wealth Managers Inc. raised its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 109.9% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,618 shares of the company’s stock valued at $82,000 after buying an additional 847 shares during the period. Sound Income Strategies LLC lifted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 742.9% in the third quarter. Sound Income Strategies LLC now owns 2,495 shares of the company’s stock valued at $126,000 after acquiring an additional 2,199 shares during the last quarter. Adalta Capital Management LLC acquired a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $396,000. Finally, Parallel Advisors LLC grew its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 114.6% in the third quarter. Parallel Advisors LLC now owns 9,945 shares of the company’s stock worth $506,000 after acquiring an additional 5,310 shares during the period.

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.