iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Large Increase in Short Interest

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 167,487 shares, a growth of 35.0% from the December 15th total of 124,100 shares. Based on an average trading volume of 218,828 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 218,828 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of hedge funds have recently modified their holdings of SLQD. Triumph Capital Management purchased a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at about $67,000. IFP Advisors Inc lifted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 11.5% during the 3rd quarter. IFP Advisors Inc now owns 54,182 shares of the company’s stock valued at $2,754,000 after buying an additional 5,582 shares during the last quarter. Adalta Capital Management LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $396,000. Ameriprise Financial Inc. grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 936,991 shares of the company’s stock valued at $47,617,000 after buying an additional 49,354 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 114.6% in the third quarter. Parallel Advisors LLC now owns 9,945 shares of the company’s stock worth $506,000 after buying an additional 5,310 shares during the last quarter.

iShares 0-5 Year Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ SLQD remained flat at $50.74 during mid-day trading on Monday. 256,172 shares of the stock were exchanged, compared to its average volume of 227,407. The business has a 50-day simple moving average of $50.72 and a two-hundred day simple moving average of $50.68. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $49.61 and a 1-year high of $50.94.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.1838 per share. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.