iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Large Decline in Short Interest

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SLQD. Highland Investment Advisors LLC bought a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $25,000. Parallel Advisors LLC lifted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the first quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock valued at $574,000 after buying an additional 1,432 shares during the period. Arkadios Wealth Advisors grew its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the 1st quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock worth $1,123,000 after acquiring an additional 3,665 shares during the period. NBT Bank N A NY grew its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after acquiring an additional 1,094 shares during the period. Finally, Turn8 Private Wealth Inc. raised its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% during 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.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Up 0.2%

Shares of NASDAQ SLQD traded up $0.07 during mid-day trading on Thursday, hitting $49.73. 67,514 shares of the company traded hands, compared to its average volume of 241,372. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.65 and a 1 year high of $50.99. The business has a 50 day moving average of $50.06 and a two-hundred day moving average of $50.27.

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

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

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

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.