Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Declines By 14.0%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,125,782 shares, a drop of 14.0% from the January 29th total of 4,794,698 shares. Based on an average daily volume of 3,213,155 shares, the short-interest ratio is presently 1.3 days. Currently, 1.0% of the company’s shares are short sold. Currently, 1.0% of the company’s shares are short sold. Based on an average daily volume of 3,213,155 shares, the short-interest ratio is presently 1.3 days.

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

NASDAQ:IGSB opened at $52.83 on Friday. The company’s 50-day moving average is $52.99 and its two-hundred day moving average is $52.97. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $51.49 and a 1-year high of $53.25.

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

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1972 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.5%.

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

Several large investors have recently modified their holdings of IGSB. Birchwood Financial Partners Inc. acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $45,000. Strive Financial Group LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $1,246,000. City National Bank of Florida MSD increased its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.3% during the fourth quarter. City National Bank of Florida MSD now owns 38,133 shares of the company’s stock valued at $2,016,000 after acquiring an additional 1,587 shares during the last quarter. Align Financial LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at about $350,000. Finally, Captrust Financial Advisors raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.1% in the 4th quarter. Captrust Financial Advisors now owns 4,838,714 shares of the company’s stock valued at $255,871,000 after acquiring an additional 276,694 shares during the period. Institutional investors and hedge funds own 76.06% of the company’s stock.

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.