Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Decreases By 44.8%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 2,330,000 shares, a decrease of 44.8% from the February 13th total of 4,220,000 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 2,846,300 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several hedge funds have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.0% in the fourth quarter. Ameriprise Financial Inc. now owns 13,266,565 shares of the company’s stock valued at $685,295,000 after buying an additional 1,090,281 shares during the period. NYL Investors LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% in the fourth quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock valued at $501,958,000 after buying an additional 9,604,302 shares during the period. Allstate Corp lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 23.5% in the fourth quarter. Allstate Corp now owns 4,116,056 shares of the company’s stock valued at $212,800,000 after buying an additional 782,750 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.4% in the fourth quarter. JPMorgan Chase & Co. now owns 3,162,566 shares of the company’s stock worth $163,505,000 after acquiring an additional 218,036 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.7% in the fourth quarter. Captrust Financial Advisors now owns 2,932,031 shares of the company’s stock worth $151,586,000 after acquiring an additional 184,761 shares in the last quarter. Institutional investors and hedge funds own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Down 0.1 %

NASDAQ:IGSB traded down $0.03 during mid-day trading on Friday, hitting $52.06. The company had a trading volume of 3,452,157 shares, compared to its average volume of 2,644,138. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $50.58 and a fifty-two week high of $52.74. The business’s fifty day moving average is $51.93 and its two-hundred day moving average is $52.05.

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

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a $0.1867 dividend. The ex-dividend date was Monday, March 3rd.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.