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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,720,000 shares, a growth of 11.0% from the August 15th total of 1,550,000 shares. Based on an average trading volume of 2,106,900 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IGSB. Allstate Corp boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 11.3% in the first quarter. Allstate Corp now owns 6,157,676 shares of the company’s stock valued at $315,766,000 after acquiring an additional 627,127 shares in the last quarter. Confluence Investment Management LLC grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 243.0% during the 2nd quarter. Confluence Investment Management LLC now owns 353,734 shares of the company’s stock worth $18,125,000 after buying an additional 250,610 shares during the last quarter. Parkside Investments LLC grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 36.5% during the 1st quarter. Parkside Investments LLC now owns 604,735 shares of the company’s stock worth $31,011,000 after buying an additional 161,740 shares during the last quarter. Summit Financial LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 732.8% during the second quarter. Summit Financial LLC now owns 149,574 shares of the company’s stock worth $7,664,000 after buying an additional 131,614 shares during the period. Finally, Wellington Wealth Strategies LLC. purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at approximately $5,925,000. 76.06% of the stock is owned by hedge funds and other institutional investors.

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

IGSB stock traded up $0.02 during trading on Wednesday, hitting $52.65. 2,435,544 shares of the company’s stock were exchanged, compared to its average volume of 2,681,300. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.36 and a 52-week high of $52.69. The business has a 50-day moving average price of $52.03 and a two-hundred day moving average price of $51.41.

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

The business also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were issued a $0.1782 dividend. The ex-dividend date was Tuesday, September 3rd.

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.