iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Sees Significant Drop in Short Interest

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,610,000 shares, a decrease of 61.9% from the December 15th total of 4,230,000 shares. Based on an average trading volume of 2,919,200 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. PSI Advisors LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% in the 4th quarter. PSI Advisors LLC now owns 481 shares of the company’s stock worth $25,000 after buying an additional 206 shares during the period. A. D. Beadell Investment Counsel Inc. increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 4th quarter. A. D. Beadell Investment Counsel Inc. now owns 29,900 shares of the company’s stock worth $1,545,000 after buying an additional 250 shares during the period. West Michigan Advisors LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.4% in the 3rd quarter. West Michigan Advisors LLC now owns 6,371 shares of the company’s stock worth $335,000 after buying an additional 266 shares during the period. Integrated Wealth Concepts LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.3% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 87,069 shares of the company’s stock worth $4,585,000 after buying an additional 297 shares during the period. Finally, Burns J W & Co. Inc. NY increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.8% in the 3rd quarter. Burns J W & Co. Inc. NY now owns 52,367 shares of the company’s stock worth $2,758,000 after buying an additional 415 shares during the period. Hedge funds and other institutional investors own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.4 %

IGSB stock opened at $51.76 on Thursday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $50.58 and a 12 month high of $52.74. The firm’s 50-day moving average is $51.82 and its 200 day moving average is $51.98.

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

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a $0.181 dividend. This represents a $2.17 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend was Wednesday, December 18th.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

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.