Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Drops By 29.9%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a significant drop in short interest in the month of March. As of March 15th, there was short interest totalling 917,700 shares, a drop of 29.9% from the February 29th total of 1,310,000 shares. Based on an average daily volume of 3,137,400 shares, the short-interest ratio is presently 0.3 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ:IGSB traded down $0.05 during trading on Friday, reaching $51.28. The stock had a trading volume of 1,771,498 shares, compared to its average volume of 3,047,380. The business has a fifty day moving average price of $51.16 and a 200-day moving average price of $50.62. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $49.36 and a 1-year high of $51.53.

iShares 1-5 Year Investment Grade Corporate Bond ETF Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 5th. Investors of record on Tuesday, April 2nd will be given a dividend of $0.1653 per share. The ex-dividend date of this dividend is Monday, April 1st.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in IGSB. SlateStone Wealth LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.9% in the fourth quarter. SlateStone Wealth LLC now owns 8,860 shares of the company’s stock valued at $454,000 after purchasing an additional 250 shares during the period. NBT Bank N A NY raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.6% in the third quarter. NBT Bank N A NY now owns 7,739 shares of the company’s stock valued at $381,000 after purchasing an additional 341 shares during the period. Massmutual Trust Co. FSB ADV raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.8% in the third quarter. Massmutual Trust Co. FSB ADV now owns 14,395 shares of the company’s stock valued at $717,000 after purchasing an additional 387 shares during the period. Pinkerton Retirement Specialists LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 0.5% in the fourth quarter. Pinkerton Retirement Specialists LLC now owns 87,460 shares of the company’s stock valued at $4,485,000 after purchasing an additional 396 shares during the period. Finally, Crestwood Advisors Group LLC raised its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2.6% in the second quarter. Crestwood Advisors Group LLC now owns 16,166 shares of the company’s stock valued at $811,000 after purchasing an additional 415 shares during the period. Hedge funds and other institutional investors own 74.81% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.