iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Stock Short Interest Drops 74.4%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 31,048 shares, a drop of 74.4% from the September 30th total of 121,240 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 223,928 shares, the days-to-cover ratio is currently 0.1 days.

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

Large investors have recently modified their holdings of the business. Highland Investment Advisors LLC bought a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter worth about $25,000. CoreCap Advisors LLC purchased a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $45,000. NBT Bank N A NY increased its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the first quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock valued at $58,000 after purchasing an additional 1,094 shares in the last quarter. Parallel Advisors LLC grew its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% during the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock valued at $574,000 after purchasing an additional 1,432 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the first quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock valued at $1,123,000 after buying an additional 3,665 shares during the last quarter.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Up 0.1%

Shares of NASDAQ:SLQD opened at $49.77 on Friday. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.23 and a 52-week high of $50.99. The business’s 50 day simple moving average is $49.70 and its two-hundred day simple moving average is $50.25.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were issued a dividend of $0.1891 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $2.27 dividend on an annualized basis and a yield of 4.6%. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.1864.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

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.