iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Shares Shorted: Short Interest Up 51.0% in September

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 427,529 shares, a growth of 51.0% from the August 31st total of 283,077 shares. Based on an average daily volume of 291,030 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.9% of the shares of the company are sold short.

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Several institutional investors have recently made changes to their positions in SLQD. Highland Investment Advisors LLC acquired a new stake in iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $25,000. Parallel Advisors LLC raised its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 14.4% in the 1st quarter. Parallel Advisors LLC now owns 11,377 shares of the company’s stock valued at $574,000 after acquiring an additional 1,432 shares in the last quarter. Arkadios Wealth Advisors lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 19.7% during the 1st quarter. Arkadios Wealth Advisors now owns 22,236 shares of the company’s stock valued at $1,123,000 after acquiring an additional 3,665 shares during the period. NBT Bank N A NY lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 2,145.1% during the 1st quarter. NBT Bank N A NY now owns 1,145 shares of the company’s stock valued at $58,000 after acquiring an additional 1,094 shares during the period. Finally, Turn8 Private Wealth Inc. lifted 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 period.

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

NASDAQ SLQD traded down $0.10 during trading on Thursday, reaching $49.38. The company’s stock had a trading volume of 209,978 shares, compared to its average volume of 250,130. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.23 and a 12 month high of $50.99. The firm has a 50 day moving average price of $49.95 and a 200 day moving average price of $50.19.

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

The firm also recently announced a monthly dividend, which will be paid on Tuesday, October 6th. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.1891 per share. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.1864. This represents a $2.27 annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Thursday, October 1st.

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.