iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Rate Update

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iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) benefited from a sharp drop in short interest during January. As of January 31, there was short interest totaling 1,350,000 shares, down 40.3% from the total of 2,260,000 shares as of January 15. Based on an average trading volume of 1,881,500 shares, the day-to-cover ratio is currently 0.7 days.

Shares of NASDAQ IGIB opened at $56.85 on Monday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12-month low of $56.49 and a 12-month high of $61.31. The stock’s 50-day simple moving average is $58.47 and its 200-day simple moving average is $59.56.

The company also recently announced a monthly dividend, which was paid on Monday, February 7. Shareholders of record on Wednesday, February 2 received a dividend of $0.111 per share. This represents an annualized dividend of $1.33 and a yield of 2.34%. The ex-dividend date was Tuesday, February 1.

Several institutional investors and hedge funds have recently changed their holdings in the company. Assetmark Inc. increased its holding in iShares 5-10 Year Investment Grade Corporate Bond ETF by 608.0% during the 2nd quarter. Assetmark Inc. now owns 4,807,137 shares of the company valued at $290,928,000 after purchasing an additional 4,128,140 shares in the last quarter. Financial Engines Advisors LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 12.2% during the fourth quarter. Financial Engines Advisors LLC now owns 34,560,775 shares of the company worth $2,048,418,000 after acquiring an additional 3,757,521 shares during the period. American Family Insurance Mutual Holding Co purchased a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter at a value of approximately $19,331,000. BNP Paribas Arbitrage SA increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 140,823.5% in the third quarter. BNP Paribas Arbitrage SA now owns 215,613 shares in the company valued at $12,950,000 after acquiring an additional 215,460 shares in the last quarter. Finally, One Capital Management LLC increased its position in shares of the iShares 5-10 Year Investment Grade Corporate Bond ETF by 49.1% during the third quarter. One Capital Management LLC now owns 534,723 shares of the company valued at $32,115,000 after purchasing an additional 176,013 shares in the last quarter.

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