Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Drops By 29.9%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 917,700 shares, a drop of 29.9% from the February 29th total of 1,310,000 shares. Based on an average daily volume of 3,137,400 shares, the days-to-cover ratio is currently 0.3 days.

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

Shares of IGSB stock traded down $0.05 during mid-day trading on Friday, hitting $51.28. 1,771,498 shares of the company’s stock were exchanged, compared to its average volume of 3,047,380. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.36 and a fifty-two week high of $51.53. The stock has a 50-day simple moving average of $51.16 and a two-hundred day simple moving average of $50.62.

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

The firm also recently disclosed a dividend, which will be paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd will be issued a dividend of $0.1653 per share. The ex-dividend date of this dividend is Monday, April 1st.

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

Several hedge funds have recently made changes to their positions in the business. SlateStone Wealth LLC boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.9% during the fourth quarter. SlateStone Wealth LLC now owns 8,860 shares of the company’s stock worth $454,000 after purchasing an additional 250 shares during the last quarter. NBT Bank N A NY boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.6% during the third quarter. NBT Bank N A NY now owns 7,739 shares of the company’s stock worth $381,000 after purchasing an additional 341 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 14,395 shares of the company’s stock worth $717,000 after buying an additional 387 shares during the period. Pinkerton Retirement Specialists LLC raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.5% in the 4th quarter. Pinkerton Retirement Specialists LLC now owns 87,460 shares of the company’s stock worth $4,485,000 after buying an additional 396 shares during the period. Finally, Crestwood Advisors Group LLC raised its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.6% in the 2nd quarter. Crestwood Advisors Group LLC now owns 16,166 shares of the company’s stock worth $811,000 after buying an additional 415 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.

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.