iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Down 28.6% in March

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 1,550,000 shares, a drop of 28.6% from the February 28th total of 2,170,000 shares. Based on an average daily volume of 1,971,300 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s shares are short sold.

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

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock valued at $131,479,000 after purchasing an additional 1,399,131 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 18,741.6% in the third quarter. BNP Paribas Financial Markets now owns 331,800 shares of the company’s stock worth $17,824,000 after buying an additional 330,039 shares during the period. TD Private Client Wealth LLC grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 38.3% in the fourth quarter. TD Private Client Wealth LLC now owns 1,117,851 shares of the company’s stock valued at $57,580,000 after buying an additional 309,753 shares in the last quarter. MFA Wealth Advisors LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $14,918,000. Finally, Syon Capital LLC acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $13,463,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.5 %

Shares of NASDAQ:IGIB traded up $0.26 during trading on Friday, reaching $52.44. 1,351,094 shares of the stock were exchanged, compared to its average volume of 2,031,878. The firm’s 50-day moving average price is $52.07 and its 200 day moving average price is $52.30. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $49.91 and a 12-month high of $54.10.

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

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1981 per share. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20. The ex-dividend date was Monday, March 3rd.

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.