iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,230,565 shares, a growth of 108.5% from the June 15th total of 2,508,925 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 3,053,978 shares, the days-to-cover ratio is currently 1.7 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.2%

NASDAQ IGIB traded up $0.08 during trading hours on Friday, reaching $52.76. The company’s stock had a trading volume of 916,474 shares, compared to its average volume of 3,026,210. The firm has a fifty day simple moving average of $52.94 and a 200-day simple moving average of $53.44. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $52.38 and a 52 week high of $54.58.

iShares 5-10 Year Investment Grade Corporate Bond ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were paid a $0.2155 dividend. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Archer Investment Corp grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% in the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock valued at $26,000 after buying an additional 446 shares during the last quarter. Rothschild Investment LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $40,000. IFC & Insurance Marketing Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $45,000. MassMutual Private Wealth & Trust FSB increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after purchasing an additional 524 shares during the period. Finally, Birchwood Financial Partners Inc. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $54,000. 76.98% of the stock is owned by institutional investors.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.