iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Significant Growth in Short Interest

Posted by Tech Dows on Feb 4th, 2025

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Free Report) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 541,800 shares, an increase of 7.3% from the December 31st total of 504,800 shares. Based on an average daily trading volume, of 2,093,300 shares, the short-interest ratio is presently 0.3 days.

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

Shares of NASDAQ:IGIB opened at $51.67 on Tuesday. The company’s fifty day moving average is $51.82 and its 200-day moving average is $52.45. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.90 and a 52 week high of $54.10.

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

The firm also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be given a $0.198 dividend. The ex-dividend date of this dividend is Monday, February 3rd.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. WestEnd Advisors LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after acquiring an additional 780 shares during the period. Centennial Bank AR bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $66,000. General Partner Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at $86,000. Finally, S.A. Mason LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth $92,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

(Get Free Report)

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.