iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Update

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,410,000 shares, a decrease of 34.7% from the October 31st total of 2,160,000 shares. Based on an average trading volume of 2,808,500 shares, the short-interest ratio is presently 0.5 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of IGSB opened at $52.04 on Friday. The business’s fifty day moving average price is $52.14 and its 200 day moving average price is $51.82. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.42 and a 12-month high of $52.74.

iShares 1-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1836 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a $2.20 annualized dividend and a dividend yield of 4.23%.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of IGSB. Captrust Financial Advisors raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% during the 3rd quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock worth $144,672,000 after purchasing an additional 574,897 shares during the period. Haverford Trust Co grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the 3rd quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock worth $101,743,000 after buying an additional 47,794 shares during the last quarter. Money Design Co. Ltd. increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.0% in the third quarter. Money Design Co. Ltd. now owns 1,164,005 shares of the company’s stock worth $61,297,000 after buying an additional 55,016 shares during the period. Klaas Financial Asset Advisors LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the third quarter. Klaas Financial Asset Advisors LLC now owns 935,645 shares of the company’s stock valued at $49,271,000 after buying an additional 7,867 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% during the third quarter. Janney Montgomery Scott LLC now owns 697,273 shares of the company’s stock valued at $36,718,000 after acquiring an additional 19,218 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.