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

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 541,800 shares, an increase of 7.3% from the December 31st total of 504,800 shares. Based on an average daily trading volume, of 2,093,300 shares, the short-interest ratio is currently 0.3 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Down 0.4 %

Shares of NASDAQ:IGIB opened at $51.67 on Tuesday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $49.90 and a 12 month high of $54.10. The firm’s 50-day moving average is $51.82 and its 200 day moving average is $52.45.

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

The firm also recently declared a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd will be given a $0.198 dividend. The ex-dividend date is Monday, February 3rd.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Several hedge funds have recently modified their holdings of IGIB. JPMorgan Chase & Co. raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 133.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,447,483 shares of the company’s stock worth $131,479,000 after acquiring an additional 1,399,131 shares in the last quarter. City State Bank raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 32.5% during the 3rd quarter. City State Bank now owns 79,355 shares of the company’s stock worth $4,263,000 after acquiring an additional 19,475 shares in the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 21.8% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 7,061 shares of the company’s stock worth $379,000 after acquiring an additional 1,262 shares in the last quarter. Haverford Trust Co raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.4% during the 3rd quarter. Haverford Trust Co now owns 1,134,321 shares of the company’s stock worth $60,936,000 after acquiring an additional 37,657 shares in the last quarter. Finally, Asio Capital LLC raised its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.6% during the 3rd quarter. Asio Capital LLC now owns 219,767 shares of the company’s stock worth $11,806,000 after acquiring an additional 5,531 shares in the last quarter. Hedge funds and other institutional investors own 76.98% of the company’s stock.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

The iShares 5-10 Year Investment Grade Corporate Bond ETF (IGIB) is an exchange-traded fund that is based on the ICE BofA US Corporate (5-10 Y) index. The fund tracks a market-value-weighted index of USD-denominated, investment grade corporate debt with maturities between 5-10 years. IGIB was launched on Jan 5, 2007 and is managed by BlackRock.