iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Growth in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 411,262 shares, an increase of 848.4% from the May 14th total of 43,365 shares. Based on an average daily volume of 695,443 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the company’s shares are short sold.

iShares Core 1-5 Year USD Bond ETF Trading Up 0.2%

ISTB traded up $0.11 during mid-day trading on Thursday, hitting $48.18. 372,363 shares of the stock were exchanged, compared to its average volume of 501,366. The firm’s fifty day moving average is $48.32 and its two-hundred day moving average is $48.59. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $48.02 and a 1-year high of $49.05. The company has a market cap of $4.72 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a yield of 4.3%.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Hedge funds have recently bought and sold shares of the company. Spire Wealth Management lifted its stake in iShares Core 1-5 Year USD Bond ETF by 37.5% during the 4th quarter. Spire Wealth Management now owns 800 shares of the company’s stock worth $39,000 after acquiring an additional 218 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF during the 1st quarter worth about $44,000. Rossby Financial LCC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 41.7% during the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock worth $48,000 after acquiring an additional 290 shares in the last quarter. Strive Financial Group LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth about $68,000. Finally, Rothschild Investment LLC lifted its stake in iShares Core 1-5 Year USD Bond ETF by 41.8% during the 3rd quarter. Rothschild Investment LLC now owns 1,695 shares of the company’s stock worth $83,000 after acquiring an additional 500 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Company Profile

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.