iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short yield up 13.1% in September

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iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) saw strong growth in short-term interest during the month of September. As of September 15, there was short interest totaling 687,900 shares, a growth of 13.1% from the total of 608,200 shares as of August 31. Based on an average trading volume of 1,449,900 shares, the short interest ratio is currently 0.5 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Performance

IGIB stock traded down $0.04 at midday Friday, hitting $48.28. The stock recorded a trading volume of 1,097,680 shares, compared to an average volume of 1,843,369 shares. The company has a fifty-day simple moving average of $51.04 and a two-hundred-day simple moving average of $51.90. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $47.85 and a 52 week high of $60.27.

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

The company also recently announced a monthly dividend, which was paid on Thursday, September 8. Investors of record on Friday, September 2 received a dividend of $0.129. This is a positive change from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, September 1. This represents a dividend of $1.55 on an annualized basis and a yield of 3.21%.

Hedge funds weigh on iShares 5-10 Year Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Comprehensive Financial Consultants Institutional Inc. bought a new equity position in the iShares 5-10 Year Investment Grade Corporate Bond ETF during Q4, worth approximately $31,000. Venture Visionary Partners LLC purchased a new equity position in the iShares 5-10 Year Investment Grade Corporate Bond ETF during Q2, valued at approximately $36,000. Private Trust Co. NA acquired a new stake in shares of the iShares 5-10 Year Investment Grade Corporate Bond ETF during Q2, valued at approximately $42,000. City State Bank acquired a new stake in shares of the iShares 5-10 Year Investment Grade Corporate Bond ETF during Q4, valued at approximately $54,000. Finally, Freedman Financial Associates Inc. acquired a new equity stake in the iShares 5-10 Year Investment Grade Corporate Bond ETF during Q1 worth approximately $70,000.

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