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

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a large increase in short interest in January. As of January 15th, there was short interest totalling 3,640,000 shares, an increase of 126.1% from the December 31st total of 1,610,000 shares. Based on an average trading volume of 2,975,400 shares, the short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IGSB. Sunbelt Securities Inc. grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 30.7% in the second quarter. Sunbelt Securities Inc. now owns 6,385 shares of the company’s stock valued at $327,000 after acquiring an additional 1,498 shares in the last quarter. Burns J W & Co. Inc. NY grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 52,367 shares of the company’s stock valued at $2,758,000 after purchasing an additional 415 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $104,000. First PREMIER Bank raised its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 283.3% during the 3rd quarter. First PREMIER Bank now owns 2,131 shares of the company’s stock worth $112,000 after purchasing an additional 1,575 shares during the period. Finally, Tilia Fiduciary Partners Inc. boosted its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.0% in the 3rd quarter. Tilia Fiduciary Partners Inc. now owns 36,973 shares of the company’s stock worth $1,947,000 after buying an additional 1,764 shares during the last quarter. Hedge funds and other institutional investors own 76.06% of the company’s stock.

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

NASDAQ IGSB opened at $52.02 on Friday. The company has a fifty day moving average price of $51.82 and a 200-day moving average price of $52.02. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.58 and a 1 year high of $52.74.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were given a $0.181 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, December 18th.

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.