Short interest on iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) drops 47.8%

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iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB) saw a significant decline in short interest in January. As of January 15, there was short interest totaling 867,000 shares, a decrease of 47.8% from the December 31 total of 1,660,000 shares. Based on an average daily volume of 3,094,400 shares, the short interest rate is currently 0.3 day.

A number of hedge funds have recently changed their positions in IGSB. First Trust Advisors LP purchased a new stake in iShares 1-5 Year Investment Grade Corporate Bond ETF in Q1, valued at approximately $4,147,000. OLD Mission Capital LLC increased its position in iShares 1-5 Year Investment Grade Corporate Bond ETF by 695.4% during the third quarter. OLD Mission Capital LLC now owns 84,429 shares of the company valued at $4,636,000 after purchasing an additional 73,815 shares in the last quarter. Camden National Bank increased its stake in iShares 1-5 Year Investment Grade Corporate Bond ETF by 9.7% in the fourth quarter. Camden National Bank now owns 7,175 shares of the company valued at $396,000 after acquiring 637 additional shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of the iShares 1-5 Year Investment Grade Corporate Bond ETF by 12.5% ​​in the second quarter. Bank of New York Mellon Corp now owns 1,166,413 shares of the company worth $63,931,000 after purchasing an additional 129,810 shares in the last quarter. Finally, Golden State Wealth Management LLC increased its holding in shares of the iShares 1-5 Year Investment Grade Corporate Bond ETF by 40.7% in the second quarter. Golden State Wealth Management LLC now owns 5,539 shares of the company worth $304,000 after purchasing an additional 1,601 shares in the last quarter.

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NASDAQ:IGSB opened at $53.22 on Friday. The company’s 50-day moving average is $53.74 and its two-hundred-day moving average is $54.30. iShares 1-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $53.16 and a fifty-two week high of $55.27.

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 $0.075 per share. This represents a dividend of $0.90 on an annualized basis and a yield of 1.69%. The ex-dividend date was Thursday, December 16.

Read more: Understanding Dividend Yield and Dividend Payout Ratio

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