Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Grows By 140.2%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 1,824,794 shares, a growth of 140.2% from the July 30th total of 759,544 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 2,688,989 shares, the days-to-cover ratio is currently 0.7 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $39,000. Birchwood Financial Partners Inc. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $45,000. Kelleher Financial Advisors acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at $51,000. Cullen Frost Bankers Inc. bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $65,000. Finally, Cornerstone Planning Group LLC raised its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.5% in the first quarter. Cornerstone Planning Group LLC now owns 1,271 shares of the company’s stock valued at $67,000 after buying an additional 901 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.3%

Shares of IGSB traded down $0.14 during mid-day trading on Friday, reaching $52.07. The company had a trading volume of 3,737,963 shares, compared to its average volume of 3,489,354. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $51.97 and a twelve month high of $53.25. The company’s 50-day moving average is $52.17 and its 200-day moving average is $52.44.

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

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were paid a $0.1981 dividend. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Monday, August 3rd.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.