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) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 2,508,925 shares, a drop of 44.1% from the May 31st total of 4,491,854 shares. Based on an average trading volume of 2,356,606 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.7% of the company’s shares are short sold.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock traded down $0.29 during midday trading on Wednesday, reaching $52.88. The company had a trading volume of 6,291,286 shares, compared to its average volume of 3,060,392. The stock has a fifty day moving average price of $53.09 and a 200 day moving average price of $53.54. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $52.38 and a fifty-two week high of $54.58.

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

The company also recently declared a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a dividend of $0.2162 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.9%.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently modified their holdings of the company. One Capital Management LLC raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.7% during the fourth quarter. One Capital Management LLC now owns 5,293,249 shares of the company’s stock worth $285,200,000 after buying an additional 284,959 shares during the last quarter. TD Private Client Wealth LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 16.7% during the 4th quarter. TD Private Client Wealth LLC now owns 2,073,892 shares of the company’s stock worth $111,741,000 after acquiring an additional 297,436 shares during the period. Klaas Financial Asset Advisors LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.2% during the 4th quarter. Klaas Financial Asset Advisors LLC now owns 1,680,245 shares of the company’s stock worth $90,532,000 after acquiring an additional 67,993 shares during the period. Horizon Investments LLC raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.0% in the 4th quarter. Horizon Investments LLC now owns 1,080,000 shares of the company’s stock worth $58,190,000 after acquiring an additional 20,929 shares in the last quarter. Finally, RMG Wealth Management LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter worth about $57,452,000. 76.98% of the stock is owned by institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

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.