iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Significant Increase in Short Interest

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 136,917 shares, an increase of 70.6% from the May 14th total of 80,239 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily trading volume, of 181,018 shares, the short-interest ratio is currently 0.8 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Up 0.0%

SLQD traded up $0.02 during midday trading on Tuesday, reaching $50.32. The company had a trading volume of 74,013 shares, compared to its average volume of 244,990. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $50.13 and a 12-month high of $50.99. The business has a 50-day moving average price of $50.37 and a two-hundred day moving average price of $50.58.

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

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.1844 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SLQD. NBT Bank N A NY grew 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. Triumph Capital Management bought a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at approximately $67,000. Adalta Capital Management LLC bought a new position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 3rd quarter valued at approximately $396,000. Parallel Advisors LLC lifted its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 114.6% during the 3rd quarter. Parallel Advisors LLC now owns 9,945 shares of the company’s stock valued at $506,000 after buying an additional 5,310 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.1% in the fourth quarter. Arkadios Wealth Advisors now owns 18,571 shares of the company’s stock worth $942,000 after acquiring an additional 3,362 shares during the period.

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.