iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Sees Large Decline in Short Interest

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 18,864 shares, a decline of 78.7% from the April 15th total of 88,571 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 362,772 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ISTB. SHP Wealth Management bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $70,668,000. Acorns Advisers LLC boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 7.8% during the 3rd quarter. Acorns Advisers LLC now owns 10,992,587 shares of the company’s stock worth $536,878,000 after acquiring an additional 793,589 shares during the period. Boyd Wealth Management LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $13,198,000. Ballast Financial Advisors LLC bought a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter worth approximately $10,391,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 24.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,071,154 shares of the company’s stock worth $52,219,000 after acquiring an additional 211,271 shares during the period.

iShares Core 1-5 Year USD Bond ETF Stock Down 0.2%

Shares of NASDAQ ISTB traded down $0.11 during midday trading on Friday, hitting $48.13. 228,634 shares of the company’s stock were exchanged, compared to its average volume of 462,659. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $48.09 and a 12 month high of $49.05. The company’s 50 day moving average price is $48.44 and its 200 day moving average price is $48.67. The firm has a market capitalization of $4.72 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were paid a dividend of $0.1722 per share. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date was Friday, May 1st.

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.