Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Decreases By 61.9%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,610,000 shares, a decrease of 61.9% from the December 31st total of 4,230,000 shares. Based on an average daily volume of 2,919,200 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Captrust Financial Advisors lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% in the 3rd quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock valued at $144,672,000 after purchasing an additional 574,897 shares during the last quarter. Haverford Trust Co boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the 3rd quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock worth $101,743,000 after buying an additional 47,794 shares during the period. Money Design Co. Ltd. grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.5% in the 4th quarter. Money Design Co. Ltd. now owns 1,228,263 shares of the company’s stock valued at $63,501,000 after buying an additional 64,258 shares during the last quarter. Klaas Financial Asset Advisors LLC raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.1% in the 4th quarter. Klaas Financial Asset Advisors LLC now owns 946,236 shares of the company’s stock valued at $48,920,000 after acquiring an additional 10,591 shares during the period. Finally, Parkside Investments LLC lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.3% during the fourth quarter. Parkside Investments LLC now owns 797,148 shares of the company’s stock worth $41,213,000 after acquiring an additional 54,503 shares during the last quarter. Institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

IGSB traded down $0.04 during trading hours on Tuesday, hitting $51.97. 230,750 shares of the company’s stock were exchanged, compared to its average volume of 2,695,845. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.58 and a 1-year high of $52.74. The stock’s 50-day moving average is $51.81 and its two-hundred day moving average is $52.01.

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

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a dividend of $0.181 per share. This represents a $2.17 annualized dividend and a dividend yield of 4.18%. The ex-dividend date was Wednesday, December 18th.

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.