iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Up 126.1% in January

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 3,640,000 shares, a growth of 126.1% from the December 31st total of 1,610,000 shares. Based on an average daily trading volume, of 2,975,400 shares, the days-to-cover ratio is presently 1.2 days.

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

A number of institutional investors have recently modified their holdings of IGSB. NYL Investors LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9,168.7% in the fourth quarter. NYL Investors LLC now owns 9,709,053 shares of the company’s stock valued at $501,958,000 after buying an additional 9,604,302 shares during the period. Captrust Financial Advisors lifted its stake in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 26.5% in the 3rd quarter. Captrust Financial Advisors now owns 2,747,270 shares of the company’s stock valued at $144,672,000 after purchasing an additional 574,897 shares during the period. Haverford Trust Co boosted its position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.5% during the 3rd quarter. Haverford Trust Co now owns 1,932,071 shares of the company’s stock valued at $101,743,000 after purchasing an additional 47,794 shares in the last quarter. Money Design Co. Ltd. increased its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 5.5% in the fourth quarter. Money Design Co. Ltd. now owns 1,228,263 shares of the company’s stock worth $63,501,000 after purchasing an additional 64,258 shares in the last quarter. Finally, Klaas Financial Asset Advisors LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.1% in the fourth quarter. Klaas Financial Asset Advisors LLC now owns 946,236 shares of the company’s stock valued at $48,920,000 after buying an additional 10,591 shares during the period. 76.06% of the stock is owned by institutional investors.

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

Shares of IGSB stock opened at $52.02 on Friday. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $50.58 and a 1-year high of $52.74. The stock has a 50-day moving average of $51.82 and a 200-day moving average of $52.02.

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

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a dividend of $0.181 per share. The ex-dividend date was Wednesday, December 18th. This represents a $2.17 annualized dividend and a yield of 4.17%.

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.