iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Significant Growth in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a significant increase in short interest in October. As of October 31st, there was short interest totalling 2,320,000 shares, an increase of 63.4% from the October 15th total of 1,420,000 shares. Based on an average trading volume of 2,082,500 shares, the days-to-cover ratio is presently 1.1 days.

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

A number of institutional investors have recently bought and sold shares of the business. WestEnd Advisors LLC acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $25,000. 1620 Investment Advisors Inc. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth about $35,000. Olistico Wealth LLC purchased a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter valued at about $55,000. Centennial Bank AR acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at about $66,000. Finally, S.A. Mason LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth about $92,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

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

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $51.94 on Thursday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $49.05 and a 12-month high of $54.10. The firm’s 50 day simple moving average is $53.05 and its two-hundred day simple moving average is $52.19.

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

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a dividend of $0.1939 per share. This represents a $2.33 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

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.