iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Up 12.2% in October

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 492,000 shares, an increase of 12.2% from the October 15th total of 438,500 shares. Based on an average daily trading volume, of 338,700 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Coldstream Capital Management Inc. raised its holdings in iShares Core 1-5 Year USD Bond ETF by 54.8% during the 3rd quarter. Coldstream Capital Management Inc. now owns 6,725 shares of the company’s stock worth $327,000 after purchasing an additional 2,381 shares during the last quarter. National Bank of Canada FI boosted its position in iShares Core 1-5 Year USD Bond ETF by 13.8% in the third quarter. National Bank of Canada FI now owns 14,063 shares of the company’s stock worth $685,000 after purchasing an additional 1,705 shares during the last quarter. Stifel Financial Corp lifted its stake in iShares Core 1-5 Year USD Bond ETF by 23.0% in the third quarter. Stifel Financial Corp now owns 29,089 shares of the company’s stock valued at $1,416,000 after purchasing an additional 5,435 shares during the last quarter. IHT Wealth Management LLC bought a new position in iShares Core 1-5 Year USD Bond ETF during the third quarter worth about $210,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in iShares Core 1-5 Year USD Bond ETF by 12.6% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 15,611 shares of the company’s stock worth $760,000 after purchasing an additional 1,751 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

iShares Core 1-5 Year USD Bond ETF stock traded up $0.04 during mid-day trading on Monday, hitting $47.86. 811,296 shares of the company’s stock traded hands, compared to its average volume of 394,231. The firm has a 50 day simple moving average of $48.28 and a two-hundred day simple moving average of $47.86. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $46.59 and a fifty-two week high of $48.75. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07.

iShares Core 1-5 Year USD 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 paid a $0.1594 dividend. This represents a $1.91 dividend on an annualized basis and a yield of 4.00%. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, November 1st.

iShares Core 1-5 Year USD Bond ETF Company Profile

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.