Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Decreases By 44.8%

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a significant decrease in short interest in February. As of February 28th, there was short interest totalling 2,330,000 shares, a decrease of 44.8% from the February 13th total of 4,220,000 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 2,846,300 shares, the days-to-cover ratio is presently 0.8 days.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.1 %

Shares of NASDAQ:IGSB traded down $0.03 during mid-day trading on Friday, reaching $52.06. 3,452,157 shares of the stock were exchanged, compared to its average volume of 2,644,138. iShares 1-5 Year Investment Grade Corporate Bond ETF has a one year low of $50.58 and a one year high of $52.74. The stock’s 50 day simple moving average is $51.93 and its 200-day simple moving average is $52.05.

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

The company also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were issued a dividend of $0.1867 per share. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IGSB. PSI Advisors LLC grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 74.9% during the fourth quarter. PSI Advisors LLC now owns 481 shares of the company’s stock worth $25,000 after buying an additional 206 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $36,000. Fortitude Family Office LLC bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $43,000. Thompson Investment Management Inc. grew its holdings in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF by 88.4% during the fourth quarter. Thompson Investment Management Inc. now owns 831 shares of the company’s stock worth $43,000 after buying an additional 390 shares in the last quarter. Finally, Copia Wealth Management bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $50,000. 76.06% of the stock is currently owned by institutional investors.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

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.