Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Grows By 7.3%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 541,800 shares, an increase of 7.3% from the December 15th total of 504,800 shares. Based on an average daily trading volume, of 2,093,300 shares, the days-to-cover ratio is currently 0.3 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.1 %

Shares of IGIB opened at $51.50 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.90 and a twelve month high of $54.10. The firm’s 50 day moving average price is $51.87 and its two-hundred day moving average price is $52.45.

iShares 5-10 Year Investment Grade Corporate Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were paid a $0.1996 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. WestEnd Advisors LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $25,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock worth $60,000 after purchasing an additional 780 shares in the last quarter. Centennial Bank AR bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $66,000. General Partner Inc. bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth $86,000. Finally, S.A. Mason LLC bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the third quarter worth $92,000. Institutional investors own 76.98% of the company’s stock.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.