Short Interest in iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Rises By 115.1%
by Doug Wharley · The Cerbat GemiShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Free Report) saw a large growth in short interest in September. As of September 15th, there was short interest totalling 3,700,000 shares, a growth of 115.1% from the August 31st total of 1,720,000 shares. Based on an average daily trading volume, of 2,164,000 shares, the days-to-cover ratio is presently 1.7 days.
iShares 1-5 Year Investment Grade Corporate Bond ETF Trading Up 0.2 %
Shares of NASDAQ:IGSB traded up $0.09 during trading on Friday, hitting $52.71. 2,708,498 shares of the company were exchanged, compared to its average volume of 2,688,670. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $49.36 and a 52-week high of $52.74. The stock has a 50 day moving average of $52.21 and a 200 day moving average of $51.49.
iShares 1-5 Year Investment Grade Corporate Bond ETF Dividend Announcement
The business also recently announced a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were paid a $0.1782 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in IGSB. ICA Group Wealth Management LLC bought a new position in iShares 1-5 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $25,000. Family Firm Inc. purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in the second quarter valued at approximately $49,000. Park Place Capital Corp lifted its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 270.8% during the first quarter. Park Place Capital Corp now owns 1,483 shares of the company’s stock valued at $76,000 after purchasing an additional 1,083 shares during the last quarter. Richardson Financial Services Inc. grew its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 2,687.3% in the 1st quarter. Richardson Financial Services Inc. now owns 1,533 shares of the company’s stock worth $79,000 after buying an additional 1,478 shares in the last quarter. Finally, Payden & Rygel Investment Group bought a new position in shares of iShares 1-5 Year Investment Grade Corporate Bond ETF in the 1st quarter worth $90,000. Hedge funds and other institutional investors own 76.06% of the company’s stock.
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.
Read More
- Five stocks we like better than iShares 1-5 Year Investment Grade Corporate Bond ETF
- Learn Technical Analysis Skills to Master the Stock Market
- CarMax’s Impressive Rally: What Investors Should Watch Next
- ETF Screener: Uses and Step-by-Step Guide
- MarketBeat Week in Review – 9/23 – 9/27
- Canada Bond Market Holiday: How to Invest and Trade
- Wake Up to This Biotech Stock That Still Has Big Potential Upside