Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Grows By 63.4%

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 2,320,000 shares, an increase of 63.4% from the October 15th total of 1,420,000 shares. Based on an average daily trading volume, of 2,082,500 shares, the short-interest ratio is presently 1.1 days.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IGIB. Transcend Capital Advisors LLC boosted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 2.8% in the 2nd quarter. Transcend Capital Advisors LLC now owns 10,119 shares of the company’s stock valued at $519,000 after buying an additional 279 shares during the last quarter. Vicus Capital lifted its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 3.1% in the 3rd quarter. Vicus Capital now owns 12,705 shares of the company’s stock valued at $683,000 after purchasing an additional 387 shares during the period. WestEnd Advisors LLC acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 3rd quarter worth $25,000. 1620 Investment Advisors Inc. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 2nd quarter worth $35,000. Finally, Rebalance LLC increased its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 0.6% during the 3rd quarter. Rebalance LLC now owns 170,103 shares of the company’s stock worth $9,138,000 after purchasing an additional 942 shares in the last quarter. Institutional investors and hedge funds own 76.98% of the company’s stock.

iShares 5-10 Year Investment Grade Corporate Bond ETF Trading Up 0.1 %

IGIB stock opened at $51.90 on Friday. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $49.35 and a twelve month high of $54.10. The firm’s fifty day simple moving average is $53.00 and its two-hundred day simple moving average is $52.19.

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

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1939 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a $2.33 dividend on an annualized basis and a yield of 4.48%.

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.