iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Up 12.2% in October

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 492,000 shares, a growth of 12.2% from the October 15th total of 438,500 shares. Based on an average daily trading volume, of 338,700 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Dynasty Wealth Management LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the first quarter worth approximately $1,407,000. B. Riley Wealth Advisors Inc. increased its stake in iShares Core 1-5 Year USD Bond ETF by 69.3% in the first quarter. B. Riley Wealth Advisors Inc. now owns 15,778 shares of the company’s stock valued at $732,000 after purchasing an additional 6,456 shares during the period. Global Financial Private Client LLC raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 7.3% in the first quarter. Global Financial Private Client LLC now owns 9,752 shares of the company’s stock valued at $460,000 after buying an additional 665 shares during the last quarter. Jane Street Group LLC boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 29.0% during the first quarter. Jane Street Group LLC now owns 523,578 shares of the company’s stock worth $24,839,000 after buying an additional 117,604 shares during the period. Finally, Cim LLC grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 6.1% during the first quarter. Cim LLC now owns 491,618 shares of the company’s stock worth $23,322,000 after buying an additional 28,330 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

NASDAQ ISTB opened at $47.82 on Monday. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $46.59 and a 12 month high of $48.75. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07. The firm’s fifty day moving average price is $48.28 and its 200 day moving average price is $47.86.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were given a $0.1594 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from iShares Core 1-5 Year USD Bond ETF’s previous monthly dividend of $0.15. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.00%.

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.