iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Down 33.1% in August

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 283,077 shares, a drop of 33.1% from the August 15th total of 423,001 shares. Approximately 0.6% of the shares of the stock are sold short. Based on an average daily volume of 277,891 shares, the short-interest ratio is currently 1.0 days.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Creative Financial Designs Inc. ADV boosted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock worth $24,769,000 after acquiring an additional 24,974 shares during the last quarter. Turn8 Private Wealth Inc. increased 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 acquiring an additional 13,188 shares during the last quarter. Highland Investment Advisors LLC bought a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $25,000. Parallel Advisors LLC lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock worth $574,000 after purchasing an additional 1,432 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake 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 worth $1,123,000 after purchasing an additional 3,665 shares in the last quarter.

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

Shares of SLQD stock opened at $49.68 on Friday. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.65 and a 52-week high of $50.99. The stock has a fifty day simple moving average of $50.04 and a two-hundred day simple moving average of $50.26.

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

The firm also recently announced a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.1864 per share. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.5%.

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.