Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Expands By 848.4%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 411,262 shares, an increase of 848.4% from the May 14th total of 43,365 shares. Approximately 0.4% of the shares of the company are sold short. Based on an average daily volume of 695,443 shares, the short-interest ratio is presently 0.6 days.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of ISTB stock opened at $48.08 on Wednesday. The business’s fifty day moving average price is $48.33 and its 200 day moving average price is $48.60. iShares Core 1-5 Year USD Bond ETF has a 1-year low of $48.02 and a 1-year high of $49.05. The firm has a market capitalization of $4.71 billion, a PE ratio of 10.99 and a beta of 0.11.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.172 per share. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. PFG Advisors acquired a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth $819,000. Cahaba Wealth Management Inc. grew its holdings in iShares Core 1-5 Year USD Bond ETF by 6.7% during the fourth quarter. Cahaba Wealth Management Inc. now owns 1,064,566 shares of the company’s stock worth $51,898,000 after acquiring an additional 66,931 shares during the period. Bartlett & CO. Wealth Management LLC grew its holdings in iShares Core 1-5 Year USD Bond ETF by 31.9% during the fourth quarter. Bartlett & CO. Wealth Management LLC now owns 556,170 shares of the company’s stock worth $27,113,000 after acquiring an additional 134,574 shares during the period. Apella Capital LLC grew its holdings in iShares Core 1-5 Year USD Bond ETF by 15.1% during the fourth quarter. Apella Capital LLC now owns 814,422 shares of the company’s stock worth $39,703,000 after acquiring an additional 106,752 shares during the period. Finally, Townsend & Associates Inc boosted its position in iShares Core 1-5 Year USD Bond ETF by 1.5% during the fourth quarter. Townsend & Associates Inc now owns 1,166,721 shares of the company’s stock worth $56,866,000 after purchasing an additional 17,652 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Company Profile

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.