iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Down 55.2% in July

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totalling 846,800 shares, a decrease of 55.2% from the June 30th total of 1,890,000 shares. Based on an average trading volume of 2,531,600 shares, the short-interest ratio is presently 0.3 days.

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

Shares of IGSB stock traded up $0.09 during mid-day trading on Friday, hitting $51.68. 1,297,976 shares of the stock were exchanged, compared to its average volume of 2,787,653. The firm has a fifty day moving average of $51.27 and a 200 day moving average of $51.14. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.36 and a 52-week high of $51.73.

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

The firm also recently disclosed a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a $0.1788 dividend. This represents a $2.15 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date was Monday, July 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IGSB. SlateStone Wealth LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 11.9% during the second quarter. SlateStone Wealth LLC now owns 12,910 shares of the company’s stock worth $662,000 after acquiring an additional 1,375 shares during the period. Family Firm Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $49,000. 1620 Investment Advisors Inc. lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 6.9% in the 2nd quarter. 1620 Investment Advisors Inc. now owns 38,434 shares of the company’s stock valued at $1,969,000 after buying an additional 2,491 shares in the last quarter. NewSquare Capital LLC lifted its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.7% in the 2nd quarter. NewSquare Capital LLC now owns 590,133 shares of the company’s stock valued at $30,238,000 after buying an additional 15,749 shares in the last quarter. Finally, Graybill Wealth Management LTD. boosted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 18.2% in the 2nd quarter. Graybill Wealth Management LTD. now owns 79,914 shares of the company’s stock worth $4,095,000 after buying an additional 12,319 shares during the last quarter. Hedge funds and other 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.