iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Large Growth in Short Interest

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,630,000 shares, a growth of 65.8% from the March 15th total of 2,190,000 shares. Based on an average trading volume of 3,851,400 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.9% of the company’s shares are short sold.

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

Institutional investors have recently made changes to their positions in the stock. NYL Investors LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% in the fourth quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock valued at $501,958,000 after acquiring an additional 9,604,302 shares during the last quarter. Ameriprise Financial Inc. raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.0% during the fourth quarter. Ameriprise Financial Inc. now owns 13,266,565 shares of the company’s stock worth $685,295,000 after buying an additional 1,090,281 shares during the last quarter. Allstate Corp lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 23.5% in the fourth quarter. Allstate Corp now owns 4,116,056 shares of the company’s stock valued at $212,800,000 after buying an additional 782,750 shares during the period. Greenwood Gearhart Inc. grew its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 59.9% during the 4th quarter. Greenwood Gearhart Inc. now owns 1,039,767 shares of the company’s stock worth $53,756,000 after acquiring an additional 389,339 shares during the period. Finally, SVB Wealth LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $18,576,000. Institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ IGSB opened at $52.12 on Friday. The firm has a 50 day moving average price of $52.10 and a two-hundred day moving average price of $51.98. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $50.61 and a 52-week high of $52.74.

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

The business also recently announced a dividend, which was paid on Friday, April 4th. Investors of record on Tuesday, April 1st were given a dividend of $0.1927 per share. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Tuesday, April 1st.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.