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

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large increase in short interest in August. As of August 31st, there was short interest totaling 601,181 shares, an increase of 277.8% from the August 15th total of 159,137 shares. Approximately 0.6% of the company’s stock are sold short. Based on an average daily volume of 384,164 shares, the short-interest ratio is currently 1.6 days.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of ISTB traded down $0.03 during midday trading on Friday, hitting $47.52. The stock had a trading volume of 357,384 shares, compared to its average volume of 476,722. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. The company has a 50 day simple moving average of $47.97 and a two-hundred day simple moving average of $48.24. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $47.50 and a twelve month high of $49.05.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were paid a $0.1772 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date was Tuesday, September 1st. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.17.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Several hedge funds have recently made changes to their positions in the business. Turtle Creek Wealth Advisors LLC acquired a new position in iShares Core 1-5 Year USD Bond ETF during the first quarter worth $44,000. Rossby Financial LCC increased its stake in iShares Core 1-5 Year USD Bond ETF by 41.7% in the 4th quarter. Rossby Financial LCC now owns 986 shares of the company’s stock valued at $48,000 after buying an additional 290 shares during the last quarter. IFP Advisors Inc increased its stake in iShares Core 1-5 Year USD Bond ETF by 154.2% in the 2nd quarter. IFP Advisors Inc now owns 1,253 shares of the company’s stock valued at $60,000 after buying an additional 760 shares during the last quarter. Strive Financial Group LLC bought a new stake in iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth about $68,000. Finally, Banque Transatlantique SA lifted its position in iShares Core 1-5 Year USD Bond ETF by 47.4% during the 4th quarter. Banque Transatlantique SA now owns 2,126 shares of the company’s stock worth $104,000 after buying an additional 684 shares in the last quarter.

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.