iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 989,500 shares, an increase of 7.2% from the September 15th total of 922,700 shares. Based on an average daily volume of 2,021,100 shares, the days-to-cover ratio is currently 0.5 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

NASDAQ:IGIB opened at $53.19 on Thursday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $47.27 and a 12-month high of $54.10. The stock’s fifty day simple moving average is $53.29 and its 200-day simple moving average is $51.94.

iShares 5-10 Year Investment Grade Corporate Bond ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.192 per share. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. 1620 Investment Advisors Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at approximately $35,000. Olistico Wealth LLC acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 2nd quarter valued at $55,000. American National Bank bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter valued at $90,000. Morton Brown Family Wealth LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth $129,000. Finally, Sunbelt Securities Inc. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth about $154,000. 76.98% of the stock is owned by institutional investors.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.