Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Drops By 65.2%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 38,343 shares, a decrease of 65.2% from the February 12th total of 110,237 shares. Based on an average daily trading volume, of 459,811 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 459,811 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ISTB. Gilbert Capital Group Inc. purchased a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the second quarter valued at approximately $6,749,000. CreativeOne Wealth LLC purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF in the second quarter worth $510,000. Clune & Associates LTD. increased its stake in shares of iShares Core 1-5 Year USD Bond ETF by 14.7% in the third quarter. Clune & Associates LTD. now owns 171,658 shares of the company’s stock worth $8,384,000 after buying an additional 21,938 shares during the period. Courage Miller Partners LLC raised its holdings in iShares Core 1-5 Year USD Bond ETF by 7.9% during the 3rd quarter. Courage Miller Partners LLC now owns 550,008 shares of the company’s stock valued at $26,861,000 after buying an additional 40,216 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in iShares Core 1-5 Year USD Bond ETF by 2.4% during the 2nd quarter. Geneos Wealth Management Inc. now owns 502,761 shares of the company’s stock valued at $24,459,000 after buying an additional 11,785 shares during the last quarter.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.3%

Shares of ISTB traded down $0.14 during mid-day trading on Thursday, reaching $48.47. 287,623 shares of the stock traded hands, compared to its average volume of 480,325. The firm has a fifty day moving average price of $48.80 and a 200 day moving average price of $48.81. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 10.99 and a beta of 0.11. iShares Core 1-5 Year USD Bond ETF has a 1 year low of $47.77 and a 1 year high of $49.05.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1656 per share. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 4.1%.

About iShares Core 1-5 Year USD Bond ETF

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.