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) saw a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 2,030,000 shares, anincreaseof76.5% from the July 15th total of 1,150,000 shares. Approximately0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 2,726,700 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 2,726,700 shares, the short-interest ratio is presently 0.7 days. Approximately0.5% of the company’s stock are sold short.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.9% in the 1st quarter. Ameriprise Financial Inc. now owns 13,777,629 shares of the company’s stock valued at $729,411,000 after acquiring an additional 511,064 shares in the last quarter. Captrust Financial Advisors lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.8% in the 2nd quarter. Captrust Financial Advisors now owns 4,205,973 shares of the company’s stock valued at $221,907,000 after acquiring an additional 230,312 shares in the last quarter. Allstate Corp lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 1st quarter. Allstate Corp now owns 4,149,335 shares of the company’s stock valued at $217,301,000 after acquiring an additional 33,279 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,879,750 shares of the company’s stock valued at $151,936,000 after acquiring an additional 68,059 shares in the last quarter. Finally, Williams Jones Wealth Management LLC. lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 15.5% in the 4th quarter. Williams Jones Wealth Management LLC. now owns 1,529,093 shares of the company’s stock valued at $79,054,000 after acquiring an additional 205,500 shares in the last quarter. Institutional investors own 76.06% of the company’s stock.

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

Shares of NASDAQ IGSB opened at $52.83 on Wednesday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $51.39 and a fifty-two week high of $52.87. The firm’s 50-day simple moving average is $52.58 and its 200 day simple moving average is $52.29.

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

The firm also recently declared a dividend, which was paid on Wednesday, August 6th. Investors of record on Friday, August 1st were given a $0.1937 dividend. The ex-dividend date of this dividend was Friday, August 1st.

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.