iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Growth in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 1,010,000 shares, an increase of 213.2% from the December 31st total of 322,500 shares. Based on an average daily volume of 367,000 shares, the short-interest ratio is currently 2.8 days.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Golden State Wealth Management LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at about $32,000. Bogart Wealth LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 40.7% in the third quarter. Bogart Wealth LLC now owns 992 shares of the company’s stock valued at $48,000 after purchasing an additional 287 shares during the last quarter. Burkett Financial Services LLC increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 56.3% during the fourth quarter. Burkett Financial Services LLC now owns 994 shares of the company’s stock valued at $47,000 after buying an additional 358 shares during the period. Crews Bank & Trust purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at approximately $90,000. Finally, Security National Bank increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 31.0% during the third quarter. Security National Bank now owns 2,559 shares of the company’s stock valued at $125,000 after buying an additional 606 shares during the period.

iShares Core 1-5 Year USD Bond ETF Price Performance

ISTB traded up $0.04 on Thursday, hitting $48.04. 220,136 shares of the stock were exchanged, compared to its average volume of 417,760. The firm has a market capitalization of $4.26 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $46.65 and a 12 month high of $48.75. The business has a 50-day moving average of $47.85 and a two-hundred day moving average of $48.06.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, December 18th were paid a $0.1587 dividend. This represents a $1.90 annualized dividend and a dividend yield of 3.96%. The ex-dividend date was Wednesday, December 18th.

iShares Core 1-5 Year USD Bond ETF Company Profile

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.