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) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 541,800 shares, an increase of 7.3% from the December 31st total of 504,800 shares. Based on an average trading volume of 2,093,300 shares, the short-interest ratio is currently 0.3 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Down 0.4 %

Shares of IGIB stock opened at $51.67 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $49.90 and a 52 week high of $54.10. The company has a 50-day simple moving average of $51.82 and a 200 day simple moving average of $52.45.

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

The firm also recently disclosed a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd will be issued a $0.198 dividend. The ex-dividend date of this dividend is Monday, February 3rd.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in IGIB. Vicus Capital grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.1% during the third quarter. Vicus Capital now owns 12,705 shares of the company’s stock worth $683,000 after buying an additional 387 shares during the last quarter. WestEnd Advisors LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB lifted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock valued at $60,000 after buying an additional 780 shares during the period. Tilia Fiduciary Partners Inc. boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.9% during the 4th quarter. Tilia Fiduciary Partners Inc. now owns 16,682 shares of the company’s stock worth $859,000 after buying an additional 929 shares in the last quarter. Finally, Rebalance LLC grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% in the 3rd quarter. Rebalance LLC now owns 170,103 shares of the company’s stock valued at $9,138,000 after buying an additional 942 shares during the period. Institutional investors own 76.98% of the company’s stock.

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.