Short-term interest on iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) rises 163.2%

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iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) was the target of a significant rise in short interest in October. As of October 31, there was short interest totaling 988,700 shares, an increase of 163.2% from the total of 375,700 shares as of October 15. Based on an average trading volume of 1,327,100 shares, the day-to-cover ratio is currently 0.7 days.

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

The NASDAQ IGIB traded down $0.03 during Friday’s trading, hitting $49.07. The company’s shares had a trading volume of 7,792 shares, compared to an average trading volume of 1,778,252 shares. The company’s 50-day simple moving average is $48.64 and its 200-day simple moving average is $50.68. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $46.81 and a fifty-two week high of $59.74.

iShares 5-10 Year Investment Grade Corporate Bond ETF Increases 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 $0.135. This represents an annualized dividend of $1.62 and a yield of 3.30%. The ex-dividend date was Tuesday, November 1. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.13.

Institutional investors weigh in on iShares 5-10 Year Investment Grade Corporate Bond ETF

Several institutional investors have recently increased or reduced their stake in IGIB. Venture Visionary Partners LLC acquired a new stake in shares of the iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter worth approximately $36,000. City Holding Co. increased its holdings of iShares 5-10 Year Investment Grade Corporate Bond ETF shares by 373.8% during the third quarter. City Holding Co. now owns 777 shares of the company worth $38,000 after purchasing an additional 613 shares during the period. Private Trust Co. NA acquired a new stake in shares of the iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter for a value of approximately $42,000. Tcwp LLC acquired a new stake in shares of the iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter for a value of approximately $112,000. Finally, SVB Wealth LLC increased its holdings of iShares 5-10 Year Investment Grade Corporate Bond ETF shares by 559.4% during the second quarter. SVB Wealth LLC now owns 4,161 shares of the company worth $212,000 after purchasing an additional 3,530 shares during the period.

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