iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Large Decline in Short Interest
iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Rating) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 517,600 shares, a drop of 64.5% from the May 15th total of 1,460,000 shares. Based on an average daily trading volume, of 2,037,300 shares, the days-to-cover ratio is presently 0.3 days.
IGIB stock opened at $51.19 on Friday. The firm has a 50-day moving average price of $52.50 and a 200-day moving average price of $55.74. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 12 month low of $51.01 and a 12 month high of $61.31.
The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 7th. Investors of record on Thursday, June 2nd were given a dividend of $0.117 per share. This represents a $1.40 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend was Wednesday, June 1st.
Large investors have recently modified their holdings of the stock. Accel Wealth Management grew its stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 209.7% during the fourth quarter. Accel Wealth Management now owns 511 shares of the company’s stock worth $30,000 after buying an additional 346 shares during the last quarter. Comprehensive Financial Consultants Institutional Inc. bought a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the 4th quarter worth $31,000. City State Bank acquired a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter worth about $54,000. Bogart Wealth LLC raised its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 1,914.8% in the fourth quarter. Bogart Wealth LLC now owns 1,088 shares of the company’s stock valued at $64,000 after purchasing an additional 1,034 shares during the last quarter. Finally, Freedman Financial Associates Inc. acquired a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the first quarter valued at about $70,000.
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