Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Increases By 454.6%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 550,165 shares, an increase of 454.6% from the June 15th total of 99,193 shares. Approximately 0.5% of the company’s stock are short sold. Based on an average daily volume of 406,782 shares, the short-interest ratio is currently 1.4 days.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.1%

ISTB stock traded down $0.07 during trading on Monday, reaching $47.96. The stock had a trading volume of 379,634 shares, compared to its average volume of 507,019. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $47.95 and a 1-year high of $49.05. The company has a market capitalization of $5.05 billion, a P/E ratio of 10.99 and a beta of 0.11. The firm has a fifty day moving average price of $48.19 and a 200 day moving average price of $48.49.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.1713 per share. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Spire Wealth Management grew its stake in iShares Core 1-5 Year USD Bond ETF by 37.5% during the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock valued at $39,000 after purchasing an additional 218 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 1st quarter valued at approximately $44,000. Rossby Financial LCC grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 41.7% during the fourth quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after buying an additional 290 shares in the last quarter. Strive Financial Group LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth approximately $68,000. Finally, Dagco Inc. bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter worth $97,000.

About iShares Core 1-5 Year USD Bond ETF

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.