iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Significant Drop in Short Interest

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,610,000 shares, a drop of 61.9% from the December 15th total of 4,230,000 shares. Based on an average daily trading volume, of 2,919,200 shares, the days-to-cover ratio is currently 0.6 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.4 %

Shares of NASDAQ:IGSB opened at $51.76 on Thursday. The business’s 50 day moving average is $51.82 and its 200 day moving average is $51.98. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.58 and a 12-month high of $52.74.

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

The firm also recently announced a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.181 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $2.17 dividend on an annualized basis and a dividend yield of 4.20%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors raised its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% during the 3rd quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock valued at $144,672,000 after acquiring an additional 574,897 shares during the period. Haverford Trust Co raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the 3rd quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock valued at $101,743,000 after purchasing an additional 47,794 shares during the period. Money Design Co. Ltd. lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.0% during the 3rd quarter. Money Design Co. Ltd. now owns 1,164,005 shares of the company’s stock worth $61,297,000 after purchasing an additional 55,016 shares in the last quarter. Klaas Financial Asset Advisors LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 3rd quarter. Klaas Financial Asset Advisors LLC now owns 935,645 shares of the company’s stock worth $49,271,000 after purchasing an additional 7,867 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% in the 3rd quarter. Janney Montgomery Scott LLC now owns 697,273 shares of the company’s stock worth $36,718,000 after purchasing an additional 19,218 shares during the period. Institutional investors own 76.06% 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.