iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Update

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 1,160,000 shares, a decrease of 25.2% from the March 15th total of 1,550,000 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 2,079,000 shares, the days-to-cover ratio is presently 0.6 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

NASDAQ IGIB opened at $51.84 on Monday. The stock’s 50 day simple moving average is $52.10 and its 200-day simple moving average is $52.07. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $49.93 and a 1-year high of $54.10.

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

The firm also recently announced a monthly dividend, which was paid on Friday, April 4th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.2004 per share. This represents a $2.41 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock valued at $131,479,000 after acquiring an additional 1,399,131 shares in the last quarter. General Partner Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $86,000. Highline Wealth Partners LLC boosted its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 70.6% during the fourth quarter. Highline Wealth Partners LLC now owns 152,907 shares of the company’s stock worth $7,876,000 after buying an additional 63,278 shares during the last quarter. Tilia Fiduciary Partners Inc. grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 5.9% in the 4th quarter. Tilia Fiduciary Partners Inc. now owns 16,682 shares of the company’s stock valued at $859,000 after buying an additional 929 shares in the last quarter. Finally, City State Bank increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% in the 4th quarter. City State Bank now owns 82,015 shares of the company’s stock worth $4,225,000 after acquiring an additional 2,660 shares during the last quarter. 76.98% of the stock is owned by hedge funds and other institutional investors.

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.