iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Update

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,640,000 shares, a growth of 126.1% from the December 31st total of 1,610,000 shares. Based on an average trading volume of 2,975,400 shares, the short-interest ratio is currently 1.2 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of iShares 1-5 Year Investment Grade Corporate Bond ETF stock opened at $52.02 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a twelve month low of $50.58 and a twelve month high of $52.74. The business has a 50-day moving average price of $51.83 and a 200 day moving average price of $52.02.

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

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.181 dividend. This represents a $2.17 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date of this dividend was Wednesday, December 18th.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently modified their holdings of the business. Cooksen Wealth LLC boosted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.6% during the 4th quarter. Cooksen Wealth LLC now owns 31,687 shares of the company’s stock worth $1,638,000 after purchasing an additional 197 shares during the period. Pinnacle Wealth Management Advisory Group LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 8.1% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,192 shares of the company’s stock worth $268,000 after buying an additional 389 shares during the period. NYL Investors LLC boosted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% during the fourth quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock worth $501,958,000 after buying an additional 9,604,302 shares during the period. Nations Financial Group Inc. IA ADV grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.5% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 75,591 shares of the company’s stock worth $3,908,000 after buying an additional 3,230 shares during the last quarter. Finally, Kanawha Capital Management LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.5% in the 4th quarter. Kanawha Capital Management LLC now owns 19,770 shares of the company’s stock valued at $1,022,000 after acquiring an additional 295 shares during the period. 76.06% of the stock is currently owned by hedge funds and other institutional investors.

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.