iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Significant Increase in Short Interest

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 423,001 shares, a growth of 944.1% from the July 30th total of 40,515 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 212,664 shares, the days-to-cover ratio is presently 2.0 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ:SLQD traded up $0.02 on Thursday, hitting $50.23. The company’s stock had a trading volume of 7,118 shares, compared to its average volume of 240,200. The company has a 50-day simple moving average of $50.18 and a 200 day simple moving average of $50.38. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.00 and a 1 year high of $50.99.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were given a $0.1869 dividend. This represents a c) annualized dividend and a dividend yield of 4.5%. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date was Monday, August 3rd.

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Hedge funds have recently bought and sold shares of the stock. Creative Financial Designs Inc. ADV lifted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock worth $24,769,000 after acquiring an additional 24,974 shares during the last quarter. Turn8 Private Wealth Inc. increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% in the first quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock valued at $3,037,000 after acquiring an additional 13,188 shares during the last quarter. Parallel Advisors LLC increased its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the first quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock valued at $574,000 after acquiring an additional 1,432 shares during the last quarter. Arkadios Wealth Advisors raised its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the first quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock valued at $1,123,000 after purchasing an additional 3,665 shares in the last quarter. Finally, NBT Bank N A NY lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the first quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock worth $58,000 after purchasing an additional 1,094 shares during the last quarter.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.