iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Update

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 601,181 shares, an increase of 277.8% from the August 15th total of 159,137 shares. Based on an average daily trading volume, of 384,164 shares, the days-to-cover ratio is presently 1.6 days. Approximately 0.6% of the company’s stock are sold short.

iShares Core 1-5 Year USD Bond ETF Stock Performance

ISTB traded down $0.03 during trading on Friday, reaching $47.52. 357,384 shares of the stock were exchanged, compared to its average volume of 476,722. The stock has a market cap of $5.08 billion, a P/E ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $47.50 and a twelve month high of $49.05. The stock’s 50 day moving average price is $47.97 and its two-hundred day moving average price is $48.24.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Stockholders of record on Tuesday, September 1st were given a $0.1772 dividend. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Turtle Creek Wealth Advisors LLC bought a new position in iShares Core 1-5 Year USD Bond ETF during the first quarter worth about $44,000. Rossby Financial LCC boosted its stake in shares of 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 during the period. IFP Advisors Inc boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 154.2% during the 2nd quarter. IFP Advisors Inc now owns 1,253 shares of the company’s stock worth $60,000 after acquiring an additional 760 shares during the period. Strive Financial Group LLC acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $68,000. Finally, Banque Transatlantique SA increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 47.4% during the 4th quarter. Banque Transatlantique SA now owns 2,126 shares of the company’s stock worth $104,000 after acquiring an additional 684 shares during the last quarter.

About iShares Core 1-5 Year USD Bond ETF

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.