iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short Interest Down 25.0% in February

iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a significant drop in short interest in February. As of February 27th, there was short interest totaling 3,095,064 shares, a drop of 25.0% from the February 12th total of 4,125,782 shares. Based on an average trading volume of 2,176,347 shares, the days-to-cover ratio is currently 1.4 days. Approximately 0.8% of the shares of the company are short sold. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 2,176,347 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On iShares 1-5 Year Investment Grade Corporate Bond ETF

Several hedge funds have recently bought and sold shares of IGSB. Aventura Private Wealth LLC acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $34,000. Root Financial Partners LLC acquired a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the third quarter valued at $39,000. Kohmann Bosshard Financial Services LLC purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $39,000. Harbor Investment Advisory LLC lifted its holdings in iShares 1-5 Year Investment Grade Corporate Bond ETF by 142.9% during the 4th quarter. Harbor Investment Advisory LLC now owns 850 shares of the company’s stock worth $45,000 after buying an additional 500 shares during the last quarter. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth about $45,000. Institutional investors and hedge funds own 76.06% of the company’s stock.

iShares 1-5 Year Investment Grade Corporate Bond ETF Stock Down 0.1%

NASDAQ:IGSB traded down $0.04 during trading hours on Friday, hitting $52.46. The company had a trading volume of 4,773,179 shares, compared to its average volume of 3,832,573. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1 year low of $51.49 and a 1 year high of $53.25. The company has a 50-day moving average of $52.96 and a 200 day moving average of $52.96.

iShares 1-5 Year Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.1972 per share. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Monday, March 2nd.

About iShares 1-5 Year Investment Grade Corporate Bond ETF

The iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) is an exchange-traded fund that is based on the ICE BofA US Corporate (1-5 Y) index. The fund tracks a market-value-weighted index of US dollar-denominated, investment-grade corporate debt with 1-5 years remaining in maturity. IGSB was launched on Jan 5, 2007 and is managed by BlackRock.