Short Interest in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Grows By 111.3%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 297,719 shares, an increase of 111.3% from the June 15th total of 140,913 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 217,962 shares, the days-to-cover ratio is currently 1.4 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Trading Up 0.2%

Shares of NASDAQ:SLQD traded up $0.08 during midday trading on Wednesday, reaching $50.23. 112,589 shares of the company’s stock traded hands, compared to its average volume of 240,393. The company has a fifty day simple moving average of $50.27 and a two-hundred day simple moving average of $50.51. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $50.06 and a 1 year high of $50.99.

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

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.1839 per share. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of SLQD. Loomis Sayles & Co. L P grew its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 156.7% in the 4th quarter. Loomis Sayles & Co. L P now owns 172,000 shares of the company’s stock valued at $8,720,000 after buying an additional 105,000 shares in the last quarter. Crews Bank & Trust raised its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.6% during the 4th quarter. Crews Bank & Trust now owns 736,390 shares of the company’s stock worth $37,335,000 after acquiring an additional 52,047 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 936,991 shares of the company’s stock worth $47,617,000 after acquiring an additional 49,354 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 5.4% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 488,532 shares of the company’s stock valued at $24,769,000 after acquiring an additional 24,974 shares during the last quarter. Finally, Turn8 Private Wealth Inc. boosted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 28.1% during the 1st quarter. Turn8 Private Wealth Inc. now owns 60,142 shares of the company’s stock valued at $3,037,000 after acquiring an additional 13,188 shares during the last quarter.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

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.