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) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 4,230,000 shares, a growth of 191.7% from the November 30th total of 1,450,000 shares. Based on an average daily volume of 2,941,100 shares, the short-interest ratio is presently 1.4 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.0 %

Shares of IGSB stock traded up $0.02 during trading hours on Thursday, reaching $51.64. 1,121,406 shares of the company traded hands, compared to its average volume of 2,744,455. The firm has a 50-day moving average price of $51.93 and a 200 day moving average price of $51.93. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.58 and a 12-month high of $52.74.

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

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.181 per share. This represents a $2.17 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Wednesday, December 18th.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently modified their holdings of IGSB. TD Private Client Wealth LLC lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 24.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 401,020 shares of the company’s stock valued at $21,118,000 after buying an additional 79,919 shares in the last quarter. Mittelman Wealth Management raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 133.3% during the third quarter. Mittelman Wealth Management now owns 48,644 shares of the company’s stock valued at $2,562,000 after acquiring an additional 27,794 shares during the period. Greenwood Gearhart Inc. lifted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.7% in the third quarter. Greenwood Gearhart Inc. now owns 650,428 shares of the company’s stock valued at $34,252,000 after acquiring an additional 16,987 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 57.9% in the third quarter. Continuum Advisory LLC now owns 3,397 shares of the company’s stock worth $176,000 after acquiring an additional 1,246 shares during the period. Finally, Peloton Wealth Strategists boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.5% in the third quarter. Peloton Wealth Strategists now owns 11,357 shares of the company’s stock worth $598,000 after acquiring an additional 793 shares during the period. 76.06% of the stock is currently owned by institutional investors.

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.