iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Update

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 282,889 shares, a drop of 48.6% from the June 30th total of 550,165 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily volume of 424,587 shares, the short-interest ratio is currently 0.7 days.

iShares Core 1-5 Year USD Bond ETF Price Performance

NASDAQ ISTB traded down $0.03 during trading hours on Wednesday, hitting $48.00. 192,228 shares of the company’s stock traded hands, compared to its average volume of 496,596. The company has a market capitalization of $5.11 billion, a PE ratio of 10.99 and a beta of 0.11. The firm’s 50-day moving average is $48.13 and its 200-day moving average is $48.43. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $47.88 and a 52-week high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a $0.1713 dividend. The ex-dividend date was Wednesday, July 1st.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Concurrent Investment Advisors LLC raised its holdings in iShares Core 1-5 Year USD Bond ETF by 4.8% in the 4th quarter. Concurrent Investment Advisors LLC now owns 4,530 shares of the company’s stock valued at $221,000 after buying an additional 206 shares during the period. Evensky & Katz LLC boosted its stake in iShares Core 1-5 Year USD Bond ETF by 1.6% in the fourth quarter. Evensky & Katz LLC now owns 13,241 shares of the company’s stock valued at $646,000 after acquiring an additional 208 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 15,426 shares of the company’s stock worth $753,000 after acquiring an additional 208 shares during the last quarter. Spire Wealth Management increased its stake in iShares Core 1-5 Year USD Bond ETF by 37.5% in the fourth quarter. Spire Wealth Management now owns 800 shares of the company’s stock valued at $39,000 after purchasing an additional 218 shares during the period. Finally, Centaurus Financial Inc. increased its stake in iShares Core 1-5 Year USD Bond ETF by 7.6% in the third quarter. Centaurus Financial Inc. now owns 3,759 shares of the company’s stock valued at $184,000 after purchasing an additional 265 shares during the period.

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.