iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Increase in Short Interest

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ISTB. Spinnaker Trust lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 3.8% in the 3rd quarter. Spinnaker Trust now owns 1,294,406 shares of the company’s stock valued at $63,012,000 after purchasing an additional 47,921 shares during the last quarter. Townsend & Associates Inc lifted its position in iShares Core 1-5 Year USD Bond ETF by 3.7% in the third quarter. Townsend & Associates Inc now owns 1,005,279 shares of the company’s stock worth $48,334,000 after buying an additional 35,675 shares during the last quarter. Cahaba Wealth Management Inc. boosted its stake in iShares Core 1-5 Year USD Bond ETF by 4.5% during the third quarter. Cahaba Wealth Management Inc. now owns 882,203 shares of the company’s stock worth $42,946,000 after buying an additional 38,141 shares during the period. Prosperity Planning Inc. increased its position in iShares Core 1-5 Year USD Bond ETF by 1.1% during the third quarter. Prosperity Planning Inc. now owns 744,693 shares of the company’s stock valued at $36,252,000 after acquiring an additional 8,285 shares during the last quarter. Finally, MBL Wealth LLC raised its stake in shares of iShares Core 1-5 Year USD Bond ETF by 2.6% in the second quarter. MBL Wealth LLC now owns 678,022 shares of the company’s stock valued at $32,118,000 after acquiring an additional 16,989 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.1 %

iShares Core 1-5 Year USD Bond ETF stock traded up $0.04 during mid-day trading on Monday, reaching $47.86. 785,896 shares of the company’s stock traded hands, compared to its average volume of 394,117. 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 stock has a 50 day moving average of $48.28 and a two-hundred day moving average of $47.86. The company has a market cap of $4.08 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

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

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.