iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Decrease in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 172,900 shares, a decline of 30.3% from the February 13th total of 248,100 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 437,900 shares, the short-interest ratio is presently 0.4 days.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of ISTB stock traded up $0.02 during midday trading on Tuesday, hitting $48.14. 136,588 shares of the company were exchanged, compared to its average volume of 363,898. The firm has a market capitalization of $4.28 billion, a P/E ratio of 10.95 and a beta of 0.07. The firm’s 50 day moving average price is $47.97 and its two-hundred day moving average price is $48.07. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $46.65 and a 52 week high of $48.75.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1568 per share. The ex-dividend date was Monday, March 3rd.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of ISTB. Acorns Advisers LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 4.9% in the 4th quarter. Acorns Advisers LLC now owns 10,728,367 shares of the company’s stock valued at $512,494,000 after purchasing an additional 497,728 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,068,324 shares of the company’s stock valued at $146,574,000 after purchasing an additional 11,280 shares during the period. Raymond James Financial Inc. bought a new stake in iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at about $90,759,000. Spinnaker Trust boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 16.3% in the 4th quarter. Spinnaker Trust now owns 1,504,770 shares of the company’s stock valued at $71,883,000 after purchasing an additional 210,364 shares during the period. Finally, Mariner LLC boosted its holdings in iShares Core 1-5 Year USD Bond ETF by 5.6% in the 4th quarter. Mariner LLC now owns 1,132,511 shares of the company’s stock valued at $54,100,000 after purchasing an additional 59,977 shares during the period.

About iShares Core 1-5 Year USD Bond ETF

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.