iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Large Growth in Short Interest

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 113,500 shares, a growth of 33.1% from the May 15th total of 85,300 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 301,400 shares, the days-to-cover ratio is presently 0.4 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Up 0.1%

Shares of SLQD opened at $50.30 on Thursday. The stock has a 50 day simple moving average of $50.17 and a 200 day simple moving average of $50.01. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.05 and a 52-week high of $50.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, June 2nd were given a dividend of $0.1738 per share. The ex-dividend date was Monday, June 2nd. This represents a $2.09 dividend on an annualized basis and a yield of 4.15%. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.17.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of large investors have recently bought and sold shares of the company. Turn8 Private Wealth Inc. raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.4% during the 1st quarter. Turn8 Private Wealth Inc. now owns 45,976 shares of the company’s stock worth $2,312,000 after purchasing an additional 1,092 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 6.0% during the 1st quarter. Ameriprise Financial Inc. now owns 856,200 shares of the company’s stock worth $43,127,000 after purchasing an additional 48,416 shares in the last quarter. Partners Capital Investment Group LLP raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.1% during the 1st quarter. Partners Capital Investment Group LLP now owns 224,837 shares of the company’s stock worth $11,305,000 after purchasing an additional 27,702 shares in the last quarter. Colonial Trust Advisors raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 10.7% during the 1st quarter. Colonial Trust Advisors now owns 256,394 shares of the company’s stock worth $12,891,000 after purchasing an additional 24,682 shares in the last quarter. Finally, TIAA Trust National Association raised its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 0.5% in the 1st quarter. TIAA Trust National Association now owns 505,553 shares of the company’s stock valued at $25,419,000 after acquiring an additional 2,640 shares during the period.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.