Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Grows By 7.3%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 541,800 shares, an increase of 7.3% from the December 15th total of 504,800 shares. Based on an average daily trading volume, of 2,093,300 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. WestEnd Advisors LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $25,000. MassMutual Private Wealth & Trust FSB boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after acquiring an additional 780 shares during the last quarter. Centennial Bank AR bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $66,000. General Partner Inc. bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $86,000. Finally, S.A. Mason LLC bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth approximately $92,000. Institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.1 %

Shares of NASDAQ:IGIB opened at $51.50 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a one year low of $49.90 and a one year high of $54.10. The company has a 50 day moving average of $51.87 and a 200-day moving average of $52.45.

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

The company also recently disclosed a dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1996 per share. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Wednesday, December 18th.

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.