iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Update

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 2,160,000 shares, a decrease of 11.5% from the October 15th total of 2,440,000 shares. Based on an average daily trading volume, of 2,599,300 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently bought and sold shares of IGSB. West Michigan Advisors LLC lifted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.4% during the 3rd quarter. West Michigan Advisors LLC now owns 6,371 shares of the company’s stock valued at $335,000 after buying an additional 266 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.3% during the third quarter. Integrated Wealth Concepts LLC now owns 87,069 shares of the company’s stock valued at $4,585,000 after acquiring an additional 297 shares in the last quarter. YHB Investment Advisors Inc. lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the second quarter. YHB Investment Advisors Inc. now owns 42,241 shares of the company’s stock valued at $2,164,000 after acquiring an additional 349 shares during the last quarter. Pinkerton Retirement Specialists LLC grew its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.5% in the second quarter. Pinkerton Retirement Specialists LLC now owns 92,241 shares of the company’s stock worth $4,726,000 after acquiring an additional 414 shares in the last quarter. Finally, Burns J W & Co. Inc. NY increased its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% during the 3rd quarter. Burns J W & Co. Inc. NY now owns 52,367 shares of the company’s stock worth $2,758,000 after purchasing an additional 415 shares during the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

IGSB stock opened at $51.81 on Friday. The company has a 50 day moving average of $52.26 and a two-hundred day moving average of $51.76. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.19 and a 12-month high of $52.74.

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

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were issued a dividend of $0.1836 per share. This represents a $2.20 annualized dividend and a dividend yield of 4.25%. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Friday, November 1st.

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.