iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Up 283.3% in March

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 176,700 shares, an increase of 283.3% from the February 28th total of 46,100 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 262,700 shares, the days-to-cover ratio is currently 0.7 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of SLQD opened at $50.26 on Friday. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $48.70 and a 52 week high of $50.46. The stock’s 50-day moving average price is $50.01 and its 200-day moving average price is $49.98.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.1673 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.16.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Several institutional investors have recently made changes to their positions in SLQD. JPMorgan Chase & Co. increased its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 203.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 139,749 shares of the company’s stock valued at $7,048,000 after purchasing an additional 93,666 shares in the last quarter. Sierra Capital LLC increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 44.1% in the fourth quarter. Sierra Capital LLC now owns 134,622 shares of the company’s stock valued at $6,696,000 after buying an additional 41,186 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 409,438 shares of the company’s stock worth $20,365,000 after buying an additional 28,743 shares during the period. BNP Paribas Financial Markets raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,721 shares of the company’s stock worth $137,000 after buying an additional 1,006 shares during the period. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 106.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,722 shares of the company’s stock valued at $832,000 after buying an additional 8,609 shares in the last quarter.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.