iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) was the target of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 517,600 shares, a decline of 64.5% from the May 15th total of 1,460,000 shares. Based on an average daily trading volume, of 2,037,300 shares, the short-interest ratio is currently 0.3 days.

IGIB stock opened at $51.19 on Friday. The stock has a 50-day moving average price of $52.50 and a 200-day moving average price of $55.74. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $51.01 and a 1-year high of $61.31.

The firm also recently announced a monthly dividend, which was paid on Tuesday, June 7th. Investors of record on Thursday, June 2nd were paid a dividend of $0.117 per share. The ex-dividend date was Wednesday, June 1st. This represents a $1.40 annualized dividend and a yield of 2.74%.

Hedge funds have recently modified their holdings of the business. BNP Paribas Arbitrage SA grew its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 82.2% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,146 shares of the company’s stock worth $227,000 after buying an additional 1,871 shares during the period. Sawgrass Asset Management LLC bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at $1,066,000. True Link Financial Advisors LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter worth $698,000. Jmac Enterprises LLC lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.0% in the first quarter. Jmac Enterprises LLC now owns 51,241 shares of the company’s stock valued at $2,812,000 after buying an additional 495 shares in the last quarter. Finally, PFS Investments Inc. grew its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 8.7% during the first quarter. PFS Investments Inc. now owns 798,465 shares of the company’s stock valued at $43,812,000 after buying an additional 64,015 shares during the last quarter.

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