iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Up 111.3% in June

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 297,719 shares, a growth of 111.3% from the June 15th total of 140,913 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily volume of 217,962 shares, the days-to-cover ratio is currently 1.4 days.

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

Shares of NASDAQ SLQD traded up $0.08 during midday trading on Wednesday, reaching $50.23. 112,589 shares of the stock were exchanged, compared to its average volume of 240,393. The company has a 50 day simple moving average of $50.27 and a 200 day simple moving average of $50.51. iShares 0-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.06 and a twelve month high of $50.99.

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

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were issued a $0.1839 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) dividend on an annualized basis and a yield of 4.4%.

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Crews Bank & Trust grew its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% during the 4th quarter. Crews Bank & Trust now owns 736,390 shares of the company’s stock worth $37,335,000 after purchasing an additional 52,047 shares during the period. Creative Financial Designs Inc. ADV increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock worth $24,769,000 after purchasing an additional 24,974 shares during the last quarter. Turn8 Private Wealth Inc. raised its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% in the 1st quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock valued at $3,037,000 after buying an additional 13,188 shares during the period. Arkadios Wealth Advisors raised its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% in the 1st 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 period. Finally, Parallel Advisors LLC lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the first quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock valued at $574,000 after buying an additional 1,432 shares during the last quarter.

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.