Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Drops By 11.5%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 2,160,000 shares, a decrease of 11.5% from the October 15th total of 2,440,000 shares. Based on an average daily volume of 2,599,300 shares, the short-interest ratio is presently 0.8 days.

Institutional Investors Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Large investors have recently made changes to their positions in the company. Rise Advisors LLC acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $29,000. Kennebec Savings Bank purchased a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the third quarter valued at $43,000. Family Firm Inc. acquired a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at $49,000. Payden & Rygel Investment Group purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 1st quarter worth about $90,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth about $104,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

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

Shares of IGSB opened at $51.86 on Tuesday. The business’s 50-day moving average price is $52.26 and its 200 day moving average price is $51.78. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.22 and a 1-year high of $52.74.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a $0.1836 dividend. This is an increase from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. This represents a $2.20 annualized dividend and a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, November 1st.

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.