iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Up 29.2% in February

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 2,170,000 shares, an increase of 29.2% from the February 13th total of 1,680,000 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily volume of 2,073,800 shares, the days-to-cover ratio is currently 1.0 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.2 %

Shares of NASDAQ:IGIB traded up $0.11 during trading on Tuesday, reaching $52.25. The stock had a trading volume of 1,146,598 shares, compared to its average volume of 2,001,593. The firm’s fifty day moving average is $51.87 and its 200 day moving average is $52.35. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.91 and a 52 week high of $54.10.

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

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a dividend of $0.1981 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of large investors have recently bought and sold shares of the stock. One Capital Management LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.3% in the fourth quarter. One Capital Management LLC now owns 4,548,612 shares of the company’s stock worth $234,299,000 after purchasing an additional 57,363 shares during the period. Ameriprise Financial Inc. grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.3% in the fourth quarter. Ameriprise Financial Inc. now owns 4,283,422 shares of the company’s stock worth $220,612,000 after purchasing an additional 137,095 shares during the period. JPMorgan Chase & Co. grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% in the third quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after purchasing an additional 1,399,131 shares during the period. Bank of New York Mellon Corp grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 13.9% in the fourth quarter. Bank of New York Mellon Corp now owns 1,799,643 shares of the company’s stock worth $92,700,000 after purchasing an additional 219,961 shares during the period. Finally, Klaas Financial Asset Advisors LLC grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 1,513,256 shares of the company’s stock worth $77,948,000 after purchasing an additional 9,126 shares during the period. 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

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.