iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Up 86.1% in January

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 1,650,000 shares, an increase of 86.1% from the January 15th total of 886,800 shares. Based on an average daily volume of 2,049,800 shares, the short-interest ratio is presently 0.8 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.4 %

NASDAQ IGIB traded up $0.19 during trading on Friday, hitting $51.99. The stock had a trading volume of 1,035,623 shares, compared to its average volume of 1,838,127. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $49.90 and a one year high of $54.10. The stock has a 50 day simple moving average of $51.68 and a 200 day simple moving average of $52.44.

iShares 5-10 Year Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were given a dividend of $0.198 per share. The ex-dividend date was Monday, February 3rd.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% during the third quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after acquiring an additional 1,399,131 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 30.2% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 435,600 shares of the company’s stock worth $22,438,000 after purchasing an additional 101,092 shares during the period. Nations Financial Group Inc. IA ADV boosted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 21.8% during the third quarter. Nations Financial Group Inc. IA ADV now owns 7,061 shares of the company’s stock valued at $379,000 after purchasing an additional 1,262 shares in the last quarter. Haverford Trust Co increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% during the third quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock valued at $60,936,000 after buying an additional 37,657 shares during the period. Finally, Leavell Investment Management Inc. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth approximately $267,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.