Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Drops By 22.4%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 254,800 shares, a decline of 22.4% from the January 15th total of 328,300 shares. Based on an average trading volume of 401,700 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On iShares Core 1-5 Year USD Bond ETF

Hedge funds have recently modified their holdings of the business. Acorns Advisers LLC lifted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 4.9% in the fourth quarter. Acorns Advisers LLC now owns 10,728,367 shares of the company’s stock valued at $512,494,000 after buying an additional 497,728 shares during the period. Charles Schwab Investment Management Inc. raised its holdings 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 in the last quarter. Raymond James Financial Inc. bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter worth approximately $90,759,000. Spinnaker Trust lifted its position in shares of iShares Core 1-5 Year USD Bond ETF by 16.3% in the 4th quarter. Spinnaker Trust now owns 1,504,770 shares of the company’s stock worth $71,883,000 after acquiring an additional 210,364 shares during the period. Finally, Mariner LLC grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 5.6% during the 4th 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 in the last quarter.

iShares Core 1-5 Year USD Bond ETF Stock Performance

Shares of NASDAQ:ISTB opened at $47.96 on Monday. iShares Core 1-5 Year USD Bond ETF has a 52-week low of $46.65 and a 52-week high of $48.75. The company has a market cap of $4.26 billion, a P/E ratio of 16.72 and a beta of 0.07. The stock’s 50-day moving average is $47.83 and its 200-day moving average is $48.08.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1632 dividend. The ex-dividend date was Monday, February 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.