Short Interest in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Expands By 21.3%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a significant growth in short interest in April. As of April 15th, there was short interest totalling 84,900 shares, a growth of 21.3% from the March 31st total of 70,000 shares. Based on an average daily trading volume, of 237,400 shares, the short-interest ratio is currently 0.4 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ:SLQD traded up $0.04 on Friday, reaching $48.88. 105,331 shares of the company traded hands, compared to its average volume of 260,173. The company’s 50 day moving average is $49.02 and its 200-day moving average is $48.81. iShares 0-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $47.65 and a fifty-two week high of $49.41.

iShares 0-5 Year Investment Grade Corporate Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.1473 per share. This represents a $1.77 annualized dividend and a dividend yield of 3.62%. The ex-dividend date of this dividend was Monday, April 1st.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Private Trust Co. NA lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 87.8% during the fourth quarter. Private Trust Co. NA now owns 3,786 shares of the company’s stock valued at $186,000 after buying an additional 1,770 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $1,503,000. Argent Advisors Inc. boosted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.3% in the 3rd quarter. Argent Advisors Inc. now owns 36,795 shares of the company’s stock worth $1,766,000 after purchasing an additional 489 shares during the period. Sierra Capital LLC grew its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 0.6% during the 3rd quarter. Sierra Capital LLC now owns 72,518 shares of the company’s stock worth $3,481,000 after purchasing an additional 397 shares in the last quarter. Finally, Greenup Street Wealth Management LLC raised its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 106.0% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 248,563 shares of the company’s stock valued at $11,930,000 after purchasing an additional 127,912 shares during the period.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.