iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Significant Growth in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,170,000 shares, a growth of 29.2% from the February 13th total of 1,680,000 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 2,073,800 shares, the short-interest ratio is currently 1.0 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.2 %

Shares of NASDAQ IGIB traded up $0.09 during midday trading on Monday, hitting $52.18. The company had a trading volume of 755,037 shares, compared to its average volume of 1,966,408. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.90 and a twelve month high of $54.10. The business has a 50-day simple moving average of $51.85 and a two-hundred day simple moving average of $52.36.

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

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

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

Institutional investors have recently modified their holdings of the company. Sunbelt Securities Inc. grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 25.0% during the fourth quarter. Sunbelt Securities Inc. now owns 3,750 shares of the company’s stock worth $194,000 after buying an additional 750 shares during the period. City National Bank of Florida MSD purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $241,000. Strive Asset Management LLC purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $2,535,000. JARISLOWSKY FRASER Ltd purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth approximately $2,193,000. Finally, Captrust Financial Advisors grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 18.2% during the fourth quarter. Captrust Financial Advisors now owns 115,175 shares of the company’s stock worth $5,933,000 after buying an additional 17,738 shares during the period. Institutional investors and hedge funds own 76.98% of the company’s stock.

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.