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 recipient of a large decline in short interest during the month of June. As of June 15th, there was short interest totaling 2,508,925 shares, a decline of 44.1% from the May 31st total of 4,491,854 shares. Based on an average daily volume of 2,356,606 shares, the days-to-cover ratio is currently 1.1 days. Currently, 0.7% of the shares of the stock are short sold.

Institutional Trading of iShares 5-10 Year Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IGIB. Archer Investment Corp lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the 1st quarter. Archer Investment Corp now owns 497 shares of the company’s stock worth $26,000 after purchasing an additional 446 shares during the period. Rothschild Investment LLC purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $40,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $45,000. MassMutual Private Wealth & Trust FSB increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock valued at $49,000 after purchasing an additional 524 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $54,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.1%

iShares 5-10 Year Investment Grade Corporate Bond ETF stock opened at $52.95 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $52.38 and a 12-month high of $54.58. The firm’s 50-day moving average is $53.07 and its two-hundred day moving average is $53.52.

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

The company also recently announced a dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be given a dividend of $0.2155 per share. The ex-dividend date is Wednesday, July 1st.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

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.