iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Significant Growth in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 43,365 shares, a growth of 129.9% from the April 30th total of 18,864 shares. Based on an average daily volume of 457,473 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB stock traded down $0.22 during trading on Monday, hitting $48.17. 783,791 shares of the company’s stock traded hands, compared to its average volume of 486,449. The business has a fifty day simple moving average of $48.36 and a 200 day simple moving average of $48.63. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $48.03 and a 52 week high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, June 1st will be paid a $0.172 dividend. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Financial Solutions Advisory Group Inc. purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 1st quarter valued at about $57,365,000. TrueWealth Financial Partners purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 1st quarter valued at about $316,000. Rockbridge Investment Management LCC increased its position in iShares Core 1-5 Year USD Bond ETF by 0.9% during the 1st quarter. Rockbridge Investment Management LCC now owns 35,375 shares of the company’s stock valued at $1,714,000 after purchasing an additional 304 shares during the period. Cetera Investment Advisers increased its position in iShares Core 1-5 Year USD Bond ETF by 1.7% during the 1st quarter. Cetera Investment Advisers now owns 181,760 shares of the company’s stock valued at $8,808,000 after purchasing an additional 3,112 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in iShares Core 1-5 Year USD Bond ETF by 4.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 54,351 shares of the company’s stock valued at $2,634,000 after purchasing an additional 2,132 shares during the period.

iShares Core 1-5 Year USD Bond ETF Company Profile

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.