Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Grows By 108.5%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a large growth in short interest in June. As of June 30th, there was short interest totaling 5,230,565 shares, a growth of 108.5% from the June 15th total of 2,508,925 shares. Based on an average trading volume of 3,053,978 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Large investors have recently bought and sold shares of the stock. Archer Investment Corp increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the first quarter. Archer Investment Corp now owns 497 shares of the company’s stock worth $26,000 after buying an additional 446 shares in the last quarter. Rothschild Investment LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $40,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $45,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after acquiring an additional 524 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at $54,000. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.3%

Shares of NASDAQ IGIB traded up $0.15 on Wednesday, hitting $52.72. The company’s stock had a trading volume of 1,439,661 shares, compared to its average volume of 3,048,738. The stock has a 50 day moving average of $52.96 and a 200-day moving average of $53.46. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $52.38 and a 12-month high of $54.58.

iShares 5-10 Year Investment Grade Corporate Bond ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.2155 per share. The ex-dividend date was Wednesday, July 1st.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.