Short Interest in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Expands By 1,622.9%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQDGet Rating) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totalling 541,000 shares, an increase of 1,622.9% from the April 15th total of 31,400 shares. Based on an average daily volume of 538,500 shares, the days-to-cover ratio is presently 1.0 days.

Several large investors have recently bought and sold shares of the company. Farmers & Merchants Investments Inc. increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 6.7% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 974,944 shares of the company’s stock worth $48,123,000 after purchasing an additional 60,842 shares during the period. TIAA FSB increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.5% in the first quarter. TIAA FSB now owns 570,170 shares of the company’s stock valued at $28,144,000 after acquiring an additional 39,712 shares during the period. Buffington Mohr McNeal increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 8.7% in the fourth quarter. Buffington Mohr McNeal now owns 349,651 shares of the company’s stock valued at $17,850,000 after acquiring an additional 28,082 shares during the period. Curi Wealth Management LLC increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.8% in the first quarter. Curi Wealth Management LLC now owns 306,539 shares of the company’s stock valued at $15,130,000 after acquiring an additional 22,225 shares during the period. Finally, Camden National Bank increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.8% in the first quarter. Camden National Bank now owns 305,071 shares of the company’s stock valued at $15,058,000 after acquiring an additional 8,306 shares during the period.

Shares of NASDAQ:SLQD traded up $0.05 on Wednesday, hitting $48.80. 4,708 shares of the company were exchanged, compared to its average volume of 505,927. The firm’s 50 day moving average price is $49.16. iShares 0-5 Year Investment Grade Corporate Bond ETF has a one year low of $48.56 and a one year high of $51.97.

The business also recently disclosed a monthly dividend, which was paid on Friday, May 6th. Stockholders of record on Tuesday, May 3rd were issued a dividend of $0.062 per share. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date of this dividend was Monday, May 2nd. This represents a $0.74 annualized dividend and a dividend yield of 1.52%.

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