iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Update

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 46,100 shares, a drop of 25.0% from the February 13th total of 61,500 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 229,400 shares, the days-to-cover ratio is currently 0.2 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of SLQD opened at $50.02 on Tuesday. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $48.70 and a 1 year high of $50.46. The stock’s fifty day moving average price is $49.93 and its two-hundred day moving average price is $49.97.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were paid a $0.1673 dividend. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% in the third quarter. BNP Paribas Financial Markets now owns 2,721 shares of the company’s stock valued at $137,000 after purchasing an additional 1,006 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 203.3% during the third quarter. JPMorgan Chase & Co. now owns 139,749 shares of the company’s stock worth $7,048,000 after acquiring an additional 93,666 shares in the last quarter. AdvisorNet Financial Inc purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $140,000. Janney Montgomery Scott LLC boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 106.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 16,722 shares of the company’s stock worth $832,000 after acquiring an additional 8,609 shares during the period. Finally, Avior Wealth Management LLC purchased a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $209,000.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.