Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Rises By 115.1%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totalling 3,700,000 shares, an increase of 115.1% from the August 31st total of 1,720,000 shares. Based on an average daily volume of 2,164,000 shares, the short-interest ratio is currently 1.7 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Up 0.2 %

Shares of NASDAQ IGSB traded up $0.09 during trading hours on Friday, hitting $52.71. The company’s stock had a trading volume of 2,708,498 shares, compared to its average volume of 2,688,670. The business has a 50-day simple moving average of $52.21 and a 200-day simple moving average of $51.49. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.36 and a 12 month high of $52.74.

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

The firm also recently announced a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.1782 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. ICA Group Wealth Management LLC bought a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $25,000. Family Firm Inc. bought a new stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $49,000. Park Place Capital Corp boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 270.8% during the first quarter. Park Place Capital Corp now owns 1,483 shares of the company’s stock valued at $76,000 after purchasing an additional 1,083 shares in the last quarter. Richardson Financial Services Inc. grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% in the first quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock worth $79,000 after purchasing an additional 1,478 shares during the period. Finally, Payden & Rygel Investment Group bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the first quarter worth $90,000. Institutional investors own 76.06% of the company’s stock.

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.