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

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 58,100 shares, a decline of 27.6% from the August 15th total of 80,200 shares. Based on an average daily volume of 246,300 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 246,300 shares, the short-interest ratio is presently 0.2 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ:SLQD opened at $50.83 on Tuesday. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.53 and a 12 month high of $50.86. The stock’s 50 day moving average price is $50.58 and its 200 day moving average price is $50.32.

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

The company also recently announced a monthly dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.1796 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 4.2%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of SLQD. BNP Paribas Financial Markets increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 124.2% in the fourth quarter. BNP Paribas Financial Markets now owns 6,100 shares of the company’s stock valued at $303,000 after buying an additional 3,379 shares in the last quarter. Novem Group acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at $219,000. Sunbelt Securities Inc. raised its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 23.0% during the 4th quarter. Sunbelt Securities Inc. now owns 3,354 shares of the company’s stock valued at $167,000 after purchasing an additional 627 shares during the period. AdvisorNet Financial Inc raised its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 21.9% during the 1st quarter. AdvisorNet Financial Inc now owns 3,425 shares of the company’s stock valued at $172,000 after purchasing an additional 615 shares during the period. Finally, NBC Securities Inc. acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 1st quarter valued at $32,000.

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.