iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Up 7.3% in January

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 January. As of January 15th, there was short interest totalling 541,800 shares, a growth of 7.3% from the December 31st total of 504,800 shares. Based on an average daily trading volume, of 2,093,300 shares, the short-interest ratio is presently 0.3 days.

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

IGIB stock opened at $51.67 on Tuesday. The business has a 50 day moving average of $51.82 and a 200-day moving average of $52.45. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $49.90 and a 12-month high of $54.10.

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

The firm also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be given a dividend of $0.198 per share. The ex-dividend date of this dividend is Monday, February 3rd.

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

A number of hedge funds have recently made changes to their positions in IGIB. FDx Advisors Inc. increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 37.6% during the fourth quarter. FDx Advisors Inc. now owns 103,029 shares of the company’s stock worth $5,307,000 after buying an additional 28,149 shares during the last quarter. Vicus Capital increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.4% during the 4th quarter. Vicus Capital now owns 13,388 shares of the company’s stock worth $690,000 after purchasing an additional 683 shares during the last quarter. Diversified Portfolios Inc. raised its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 24.6% in the 4th quarter. Diversified Portfolios Inc. now owns 28,895 shares of the company’s stock worth $1,488,000 after purchasing an additional 5,696 shares during the period. Burns Matteson Capital Management LLC lifted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 107.5% in the fourth quarter. Burns Matteson Capital Management LLC now owns 31,845 shares of the company’s stock valued at $1,640,000 after purchasing an additional 16,495 shares during the last quarter. Finally, MFA Wealth Advisors LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter valued at $14,918,000. 76.98% of the stock is currently owned by 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.