iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Large Decline in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,100,000 shares, a decline of 57.9% from the March 31st total of 2,610,000 shares. Based on an average daily volume of 2,128,000 shares, the short-interest ratio is currently 0.5 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF stock traded down $0.38 during midday trading on Friday, reaching $52.14. 3,307,862 shares of the stock traded hands, compared to its average volume of 2,169,808. The firm has a fifty day moving average price of $54.53 and a two-hundred day moving average price of $57.30. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $52.09 and a fifty-two week high of $61.31.

The business also recently declared a monthly dividend, which was paid on Thursday, April 7th. Shareholders of record on Monday, April 4th were given a dividend of $0.115 per share. This represents a $1.38 dividend on an annualized basis and a dividend yield of 2.65%. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.11. The ex-dividend date was Friday, April 1st.

Several hedge funds have recently added to or reduced their stakes in the business. Summit Global Investments bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter worth about $3,217,000. Atlantic Union Bankshares Corp raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 4.1% during the 1st quarter. Atlantic Union Bankshares Corp now owns 6,436 shares of the company’s stock worth $353,000 after buying an additional 254 shares in the last quarter. First PREMIER Bank bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter worth about $77,000. Private Capital Group LLC boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 7.1% during the first quarter. Private Capital Group LLC now owns 23,658 shares of the company’s stock worth $1,298,000 after buying an additional 1,567 shares in the last quarter. Finally, JB Capital LLC increased its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 7.6% in the first quarter. JB Capital LLC now owns 48,331 shares of the company’s stock valued at $2,652,000 after buying an additional 3,432 shares in the last quarter.

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