iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Up 206.8% in January

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 4,794,698 shares, an increase of 206.8% from the January 15th total of 1,562,999 shares. Based on an average daily volume of 4,528,199 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average daily volume of 4,528,199 shares, the days-to-cover ratio is currently 1.1 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.1%

Shares of NASDAQ:IGSB opened at $52.99 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.49 and a 1 year high of $53.18. The firm has a fifty day moving average price of $52.93 and a 200 day moving average price of $52.93.

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

The business also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.198 per share. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 13,162,203 shares of the company’s stock worth $702,693,000 after buying an additional 264,198 shares during the period. Allstate Corp lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 41.0% during the 3rd quarter. Allstate Corp now owns 6,864,741 shares of the company’s stock worth $364,037,000 after acquiring an additional 1,997,065 shares during the last quarter. Captrust Financial Advisors boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.5% during the third quarter. Captrust Financial Advisors now owns 4,562,020 shares of the company’s stock valued at $241,924,000 after acquiring an additional 356,047 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 20.4% during the third quarter. JPMorgan Chase & Co. now owns 3,466,237 shares of the company’s stock valued at $183,815,000 after acquiring an additional 586,487 shares during the period. Finally, Parkside Investments LLC grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% in the fourth quarter. Parkside Investments LLC now owns 1,605,056 shares of the company’s stock valued at $84,875,000 after purchasing an additional 39,720 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors and hedge funds.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.