iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Significant Drop in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 172,900 shares, a drop of 30.3% from the February 13th total of 248,100 shares. Based on an average daily trading volume, of 437,900 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ISTB. Acorns Advisers LLC increased its holdings in iShares Core 1-5 Year USD Bond ETF by 4.9% in the 4th quarter. Acorns Advisers LLC now owns 10,728,367 shares of the company’s stock worth $512,494,000 after purchasing an additional 497,728 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in iShares Core 1-5 Year USD Bond ETF by 0.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,068,324 shares of the company’s stock valued at $146,574,000 after acquiring an additional 11,280 shares during the period. Raymond James Financial Inc. bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter valued at $90,759,000. Spinnaker Trust lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 16.3% during the fourth quarter. Spinnaker Trust now owns 1,504,770 shares of the company’s stock worth $71,883,000 after purchasing an additional 210,364 shares during the period. Finally, Mariner LLC grew its stake in shares of iShares Core 1-5 Year USD Bond ETF by 5.6% in the fourth quarter. Mariner LLC now owns 1,132,511 shares of the company’s stock worth $54,100,000 after purchasing an additional 59,977 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.0 %

Shares of NASDAQ:ISTB traded up $0.01 during midday trading on Monday, hitting $48.12. The stock had a trading volume of 286,875 shares, compared to its average volume of 364,788. The company has a market capitalization of $4.28 billion, a P/E ratio of 10.95 and a beta of 0.07. The company’s 50-day moving average price is $47.97 and its 200-day moving average price is $48.07. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $46.65 and a fifty-two week high of $48.75.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1568 per share. The ex-dividend date was Monday, March 3rd.

iShares Core 1-5 Year USD Bond ETF Company Profile

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.