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

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the target of a large 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 short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock valued at $131,479,000 after buying an additional 1,399,131 shares during the period. Haverford Trust Co boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% in the third quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock valued at $60,936,000 after acquiring an additional 37,657 shares during the last quarter. Greenwood Gearhart Inc. increased its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 6.2% in the third quarter. Greenwood Gearhart Inc. now owns 1,101,013 shares of the company’s stock worth $59,146,000 after purchasing an additional 63,989 shares during the period. TD Private Client Wealth LLC raised its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.8% during the 3rd quarter. TD Private Client Wealth LLC now owns 808,098 shares of the company’s stock worth $43,411,000 after purchasing an additional 91,761 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 660,447 shares of the company’s stock valued at $34,020,000 after purchasing an additional 73,706 shares during the period. Institutional investors own 76.98% of the company’s stock.

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

NASDAQ:IGIB traded up $0.03 during mid-day trading on Friday, reaching $51.50. 998,059 shares of the company were exchanged, compared to its average volume of 1,962,487. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.90 and a 12 month high of $54.10. The company has a fifty day moving average of $51.87 and a 200 day moving average of $52.44.

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. Stockholders of record on Wednesday, December 18th were paid a dividend of $0.1996 per share. This is a boost from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Wednesday, December 18th.

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.