iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Up 180.1% in May
iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD – Get Rating) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 279,500 shares, an increase of 180.1% from the May 15th total of 99,800 shares. Based on an average trading volume of 505,000 shares, the days-to-cover ratio is presently 0.6 days.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLQD. Camden National Bank lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 24.2% during the 4th quarter. Camden National Bank now owns 191,042 shares of the company’s stock worth $9,976,000 after acquiring an additional 37,182 shares in the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 53.4% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 28,640 shares of the company’s stock valued at $1,480,000 after acquiring an additional 9,972 shares during the last quarter. Captrust Financial Advisors increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 48.7% in the 3rd quarter. Captrust Financial Advisors now owns 1,509 shares of the company’s stock valued at $78,000 after acquiring an additional 494 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the 3rd quarter valued at approximately $1,370,000. Finally, Dixon Hubard Feinour & Brown Inc. VA bought a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $3,195,000.
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NASDAQ SLQD opened at $48.45 on Friday. The company has a 50-day moving average of $48.88 and a 200-day moving average of $49.85. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $48.39 and a 12 month high of $51.95.
The firm also recently declared a monthly dividend, which was paid on Tuesday, June 7th. Shareholders of record on Thursday, June 2nd were issued a $0.064 dividend. This is a boost from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.06. The ex-dividend date was Wednesday, June 1st. This represents a $0.77 annualized dividend and a yield of 1.59%.
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