iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Significant Drop in Short Interest

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 4,125,782 shares, a decrease of 14.0% from the January 29th total of 4,794,698 shares. Based on an average daily volume of 3,213,155 shares, the short-interest ratio is currently 1.3 days. Currently, 1.0% of the shares of the stock are sold short. Currently, 1.0% of the shares of the stock are sold short. Based on an average daily volume of 3,213,155 shares, the short-interest ratio is currently 1.3 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in IGSB. Aventura Private Wealth LLC acquired a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at about $34,000. Root Financial Partners LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at about $39,000. Kohmann Bosshard Financial Services LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at about $39,000. Harbor Investment Advisory LLC raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% in the 4th quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock valued at $45,000 after acquiring an additional 500 shares during the last quarter. Finally, Birchwood Financial Partners Inc. purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Up 0.0%

IGSB stock traded up $0.01 during trading on Wednesday, hitting $52.92. The stock had a trading volume of 1,614,562 shares, compared to its average volume of 3,837,428. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $51.49 and a twelve month high of $53.25. The company’s 50-day moving average price is $52.99 and its two-hundred day moving average price is $52.97.

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

The company also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be given a dividend of $0.1972 per share. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Monday, March 2nd.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.