iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Significant Decline in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 254,800 shares, a decrease of 22.4% from the January 15th total of 328,300 shares. Based on an average daily trading volume, of 401,700 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in ISTB. Golden State Wealth Management LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at about $32,000. Burkett Financial Services LLC boosted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 56.3% in the fourth quarter. Burkett Financial Services LLC now owns 994 shares of the company’s stock valued at $47,000 after acquiring an additional 358 shares during the period. Bogart Wealth LLC grew its position in shares of iShares Core 1-5 Year USD Bond ETF by 40.7% during the third quarter. Bogart Wealth LLC now owns 992 shares of the company’s stock worth $48,000 after acquiring an additional 287 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at $90,000. Finally, Smartleaf Asset Management LLC raised its position in iShares Core 1-5 Year USD Bond ETF by 136.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,210 shares of the company’s stock valued at $106,000 after purchasing an additional 1,277 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Price Performance

NASDAQ ISTB opened at $47.96 on Monday. The firm’s fifty day moving average price is $47.83 and its 200 day moving average price is $48.08. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $46.65 and a 12 month high of $48.75. The company has a market capitalization of $4.26 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were paid a $0.1632 dividend. The ex-dividend date was Monday, February 3rd.

About iShares Core 1-5 Year USD Bond ETF

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.