iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) Short yield up 11.2% in October

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iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) benefited from significant growth in short-term interest during the month of October. As of October 31, there was short interest totaling 7,250,000 shares, an 11.2% growth from the total of 6,520,000 shares as of October 15. Based on an average trading volume of 4,765,000 shares, the short interest ratio is currently 1.5 days.

Hedge funds weigh on iShares 1-5 Year Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently increased or reduced their stakes in the stock. Crestwood Advisors Group LLC increased its holding in iShares 1-5 Year Investment Grade Corporate Bond ETF by 27.9% during the second quarter. Crestwood Advisors Group LLC now owns 36,491 shares of the company worth $1,844,000 after purchasing an additional 7,967 shares in the last quarter. Janney Montgomery Scott LLC increased its holding in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.8% during the second quarter. Janney Montgomery Scott LLC now owns 805,193 shares of the company worth $40,515,000 after purchasing an additional 71,667 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 3.2% during the first quarter. Pinnacle Wealth Management Advisory Group LLC now owns 16,333 shares of the company worth $845,000 after purchasing an additional 500 shares in the last quarter. Whittier Trust Co. increased its holding in iShares 1-5 Year Investment Grade Corporate Bond ETF by 1.9% during the first quarter. Whittier Trust Co. now owns 201,590 shares of the company worth $10,426,000 after buying 3,734 additional shares in the last quarter. Finally, Venture Visionary Partners LLC increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 4.4% during the first quarter. Venture Visionary Partners LLC now owns 125,627 shares of the company worth $6,497,000 after purchasing an additional 5,296 shares in the last quarter.

iShares 1-5 Year Investment Grade Corporate Bond ETF Share down 0.2%

NASDAQ:IGSB shares opened at $49.56 on Tuesday. The company’s 50-day moving average price is $49.37 and its 200-day moving average price is $50.26. iShares 1-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $48.62 and a 1-year high of $54.22.

iShares 1-5 Year Investment Grade Corporate Bond ETF increases its dividend

The company also recently declared a monthly dividend, which was paid on Monday, November 7. Shareholders of record on Wednesday, November 2 received a dividend of $0.098. The ex-dividend date was Tuesday, November 1. This is a positive change from iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.09. This represents a dividend of $1.18 on an annualized basis and a dividend yield of 2.37%.

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