Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Expands By 848.4%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 411,262 shares, an increase of 848.4% from the May 14th total of 43,365 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 695,443 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Acorns Advisers LLC increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 5.1% in the fourth quarter. Acorns Advisers LLC now owns 11,554,781 shares of the company’s stock valued at $563,296,000 after purchasing an additional 562,194 shares during the period. State of Wisconsin Investment Board increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 1.4% in the fourth quarter. State of Wisconsin Investment Board now owns 5,312,625 shares of the company’s stock valued at $258,990,000 after purchasing an additional 71,400 shares during the period. Raymond James Financial Inc. increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 5.2% in the fourth quarter. Raymond James Financial Inc. now owns 2,223,386 shares of the company’s stock valued at $108,390,000 after purchasing an additional 110,022 shares during the period. SHP Wealth Management acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at approximately $70,668,000. Finally, Spinnaker Trust increased its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 2.9% in the fourth quarter. Spinnaker Trust now owns 1,384,279 shares of the company’s stock valued at $67,484,000 after purchasing an additional 38,402 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.1%

ISTB opened at $48.08 on Wednesday. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 52 week low of $48.02 and a 52 week high of $49.05. The business’s 50 day moving average is $48.33 and its two-hundred day moving average is $48.60.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a $0.172 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

About iShares Core 1-5 Year USD Bond ETF

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.