Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Grows By 11.0%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 1,720,000 shares, an increase of 11.0% from the August 15th total of 1,550,000 shares. Based on an average trading volume of 2,106,900 shares, the short-interest ratio is presently 0.8 days.

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

Several large investors have recently modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $25,000. Tidemark LLC purchased a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $49,000. Family Firm Inc. purchased a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at about $49,000. Park Place Capital Corp grew its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 270.8% in the first quarter. Park Place Capital Corp now owns 1,483 shares of the company’s stock valued at $76,000 after purchasing an additional 1,083 shares during the last quarter. Finally, Richardson Financial Services Inc. lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% in the 1st quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock valued at $79,000 after buying an additional 1,478 shares in 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 Stock Down 0.1 %

Shares of NASDAQ IGSB traded down $0.05 during trading hours on Wednesday, reaching $52.58. The stock had a trading volume of 1,592,404 shares, compared to its average volume of 2,676,308. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.36 and a fifty-two week high of $52.67. The firm has a 50-day moving average of $52.03 and a 200-day moving average of $51.41.

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

The business also recently declared a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.1782 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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.