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

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large increase in short interest in September. As of September 15th, there was short interest totaling 427,529 shares, an increase of 51.0% from the August 31st total of 283,077 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 291,030 shares, the short-interest ratio is presently 1.5 days.

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

Hedge funds have recently bought and sold shares of the business. Colonial Trust Advisors increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.3% during the 4th quarter. Colonial Trust Advisors now owns 292,855 shares of the company’s stock valued at $14,848,000 after purchasing an additional 6,690 shares in the last quarter. Colonial Trust Co SC lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.4% in the 4th quarter. Colonial Trust Co SC now owns 179,355 shares of the company’s stock valued at $9,093,000 after acquiring an additional 4,183 shares in the last quarter. Turn8 Private Wealth Inc. boosted its stake in 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 purchasing an additional 13,188 shares during the last quarter. Argent Advisors Inc. increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 9.8% in the 4th quarter. Argent Advisors Inc. now owns 41,992 shares of the company’s stock worth $2,129,000 after purchasing an additional 3,741 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 25.3% in the first quarter. Janney Montgomery Scott LLC now owns 31,185 shares of the company’s stock worth $1,575,000 after purchasing an additional 6,295 shares during the last quarter.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Up 0.1%

Shares of SLQD traded up $0.04 during trading hours on Friday, hitting $49.42. The company had a trading volume of 26,677 shares, compared to its average volume of 248,807. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.23 and a 52-week high of $50.99. The stock’s 50 day moving average price is $49.93 and its 200 day moving average price is $50.19.

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

The business also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.1891 per share. This represents a $2.27 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, October 1st. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.1864.

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.