iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 2,983,589 shares, a decline of 22.6% from the March 15th total of 3,856,339 shares. Based on an average daily volume of 5,007,678 shares, the short-interest ratio is presently 0.6 days. Approximately 0.9% of the shares of the company are sold short.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Hedge funds have recently modified their holdings of the business. Rossby Financial LCC grew its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.8% during the 4th quarter. Rossby Financial LCC now owns 5,227 shares of the company’s stock worth $282,000 after purchasing an additional 287 shares during the last quarter. General Partner Inc. raised its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 17.3% during the 4th quarter. General Partner Inc. now owns 2,165 shares of the company’s stock valued at $117,000 after acquiring an additional 320 shares during the last quarter. ETF Portfolio Partners Inc. lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.4% during the 3rd quarter. ETF Portfolio Partners Inc. now owns 27,384 shares of the company’s stock worth $1,481,000 after acquiring an additional 373 shares during the period. Diversified Portfolios Inc. lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.6% during the 4th quarter. Diversified Portfolios Inc. now owns 24,015 shares of the company’s stock worth $1,294,000 after acquiring an additional 380 shares during the period. Finally, Equitable Trust Co. grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 9.0% in the 4th quarter. Equitable Trust Co. now owns 4,823 shares of the company’s stock valued at $260,000 after purchasing an additional 398 shares during the last quarter. 76.98% of the stock is currently owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $53.63 on Wednesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $51.46 and a fifty-two week high of $54.58. The stock has a 50-day simple moving average of $53.67 and a 200-day simple moving average of $53.90.

iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were paid a $0.2194 dividend. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.21. This represents a c) dividend on an annualized basis and a yield of 4.9%. The ex-dividend date was Wednesday, April 1st.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.