iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Large Increase in Short Interest

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 2,140,000 shares, an increase of 74.0% from the October 15th total of 1,230,000 shares. Based on an average daily trading volume, of 4,704,900 shares, the short-interest ratio is presently 0.5 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.1 %

NASDAQ IGSB opened at $49.87 on Friday. The company has a fifty day simple moving average of $49.77 and a 200 day simple moving average of $50.05. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $49.36 and a 1 year high of $50.83.

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

The company also recently disclosed a monthly dividend, which was paid on Tuesday, November 7th. Investors of record on Thursday, November 2nd were issued a dividend of $0.154 per share. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.14. This represents a $1.85 annualized dividend and a dividend yield of 3.71%. The ex-dividend date was Wednesday, November 1st.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

Large investors have recently modified their holdings of the company. Allstate Investment Management Co. bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $383,399,000. NYL Investors LLC boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 124.3% in the 1st quarter. NYL Investors LLC now owns 8,945,000 shares of the company’s stock valued at $452,080,000 after purchasing an additional 4,957,000 shares during the period. Ameriprise Financial Inc. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 36.3% in the 1st quarter. Ameriprise Financial Inc. now owns 10,783,744 shares of the company’s stock valued at $544,708,000 after purchasing an additional 2,873,170 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 109.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,945,833 shares of the company’s stock valued at $147,792,000 after purchasing an additional 1,538,463 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 204.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,050,294 shares of the company’s stock valued at $52,336,000 after purchasing an additional 705,565 shares during the period. 74.81% of the stock is owned by institutional investors.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.