Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Increases By 213.2%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 1,010,000 shares, an increase of 213.2% from the December 31st total of 322,500 shares. Based on an average daily volume of 367,000 shares, the days-to-cover ratio is currently 2.8 days.

iShares Core 1-5 Year USD Bond ETF Price Performance

Shares of NASDAQ ISTB opened at $48.03 on Wednesday. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 16.72 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a 12-month low of $46.65 and a 12-month high of $48.75. The firm’s 50-day simple moving average is $47.85 and its 200 day simple moving average is $48.06.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.1587 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date was Wednesday, December 18th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Golden State Wealth Management LLC bought a new position in iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth about $32,000. Burkett Financial Services LLC raised its holdings in iShares Core 1-5 Year USD Bond ETF by 56.3% in the fourth quarter. Burkett Financial Services LLC now owns 994 shares of the company’s stock worth $47,000 after purchasing an additional 358 shares during the period. Bogart Wealth LLC grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 40.7% in the 3rd quarter. Bogart Wealth LLC now owns 992 shares of the company’s stock valued at $48,000 after buying an additional 287 shares during the period. Crews Bank & Trust bought a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 4th quarter valued at $90,000. Finally, Security National Bank raised its stake in iShares Core 1-5 Year USD Bond ETF by 31.0% during the 3rd quarter. Security National Bank now owns 2,559 shares of the company’s stock worth $125,000 after buying an additional 606 shares during the period.

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.