iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Large Increase in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 2,320,000 shares, a growth of 63.4% from the October 15th total of 1,420,000 shares. Based on an average daily trading volume, of 2,082,500 shares, the days-to-cover ratio is presently 1.1 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

IGIB opened at $51.90 on Friday. The business has a 50 day simple moving average of $53.00 and a 200-day simple moving average of $52.19. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.35 and a 12 month high of $54.10.

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

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1939 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.33 dividend on an annualized basis and a dividend yield of 4.48%. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. WestEnd Advisors LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at $25,000. 1620 Investment Advisors Inc. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth about $35,000. Olistico Wealth LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $55,000. Centennial Bank AR acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $66,000. Finally, S.A. Mason LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at $92,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

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.