iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Significant Short-Term Interest Growth

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iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw strong short interest growth during the month of December. As of December 31, there was short interest totaling 2,540,000 shares, a growth of 34.4% from the total of 1,890,000 shares as of December 15. Based on an average daily volume of 1,882,300 shares, the short interest rate is currently 1.3 days.

Shares of the iShares 5-10 Year Investment Grade Corporate Bond ETF traded down $0.33 during Tuesday’s trading, hitting $57.88. The stock had a trading volume of 42,625 shares, compared to an average volume of 1,935,390. The stock has a 50-day simple moving average of $59.16 and a 200-day simple moving average of 60.00 $. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 1-year low of $58.15 and a 1-year high of $61.53.

The company also recently declared a monthly dividend, which was paid on Wednesday, December 22. Investors of record on Friday, December 17 received a dividend of $0.117 per share. This represents an annualized dividend of $1.40 and a dividend yield of 2.43%. The ex-dividend date was Thursday, December 16.

Several hedge funds have recently bought and sold shares of the stock. Hayden Royal LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter worth approximately $203,000. Bank of New York Mellon Corp increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 902,992 shares of the company valued at $54,649,000 after acquiring 17,928 additional shares in the last quarter. Baird Financial Group Inc. increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.7% in the second quarter. Baird Financial Group Inc. now owns 205,826 shares of the company valued at $12,457,000 after acquiring 1,456 additional shares in the last quarter. Strategic Blueprint LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the second quarter worth approximately $48,000. Finally, Davis RM Inc. increased its stake in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1.9% in the second quarter. Davis RM Inc. now owns 175,550 shares of the company valued at $10,624,000 after acquiring 3,296 additional shares in the last quarter.

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