Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Rises By 191.7%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a significant growth in short interest in December. As of December 15th, there was short interest totalling 4,230,000 shares, a growth of 191.7% from the November 30th total of 1,450,000 shares. Based on an average trading volume of 2,941,100 shares, the short-interest ratio is currently 1.4 days.

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

NASDAQ IGSB traded up $0.02 on Thursday, reaching $51.64. The company had a trading volume of 1,121,406 shares, compared to its average volume of 2,744,455. 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. The firm’s 50 day moving average price is $51.93 and its 200 day moving average price is $51.93.

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

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.181 per share. This represents a $2.17 annualized dividend and a yield of 4.21%. The ex-dividend date of this dividend was Wednesday, December 18th.

Institutional Trading of iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 24.9% during the 3rd quarter. TD Private Client Wealth LLC now owns 401,020 shares of the company’s stock valued at $21,118,000 after acquiring an additional 79,919 shares during the last quarter. Mittelman Wealth Management raised its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 133.3% during the third quarter. Mittelman Wealth Management now owns 48,644 shares of the company’s stock valued at $2,562,000 after purchasing an additional 27,794 shares in the last quarter. Greenwood Gearhart Inc. lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.7% during the third quarter. Greenwood Gearhart Inc. now owns 650,428 shares of the company’s stock valued at $34,252,000 after purchasing an additional 16,987 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 57.9% in the 3rd quarter. Continuum Advisory LLC now owns 3,397 shares of the company’s stock worth $176,000 after buying an additional 1,246 shares in the last quarter. Finally, Peloton Wealth Strategists increased its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 7.5% in the 3rd quarter. Peloton Wealth Strategists now owns 11,357 shares of the company’s stock worth $598,000 after buying an additional 793 shares during the last quarter. 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.