Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Rises By 27.7%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a large growth in short interest in May. As of May 31st, there was short interest totalling 1,520,000 shares, a growth of 27.7% from the May 15th total of 1,190,000 shares. Based on an average daily volume of 2,086,000 shares, the days-to-cover ratio is currently 0.7 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ IGIB traded down $0.19 during trading on Monday, reaching $51.43. 971,708 shares of the company traded hands, compared to its average volume of 1,896,651. The firm has a 50 day simple moving average of $50.80 and a 200-day simple moving average of $51.16. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52-week low of $47.27 and a 52-week high of $52.25.

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

The business also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were issued a dividend of $0.1896 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.42%. The ex-dividend date was Monday, June 3rd.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently made changes to their positions in IGIB. Cary Street Partners Investment Advisory LLC boosted its holdings in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.9% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 17,220 shares of the company’s stock valued at $838,000 after acquiring an additional 1,106 shares during the last quarter. Allstate Corp lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 22.2% in the 3rd quarter. Allstate Corp now owns 5,105,989 shares of the company’s stock worth $248,406,000 after purchasing an additional 927,321 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 38.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 89,726 shares of the company’s stock worth $4,365,000 after purchasing an additional 24,951 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 3,658,619 shares of the company’s stock worth $177,773,000 after purchasing an additional 97,724 shares during the period. Finally, KPP Advisory Services LLC bought a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $260,000. Hedge funds and other 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.