iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Sees Significant Decrease in Short Interest

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the recipient of a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 233,500 shares, a decrease of 32.7% from the October 15th total of 346,900 shares. Based on an average trading volume of 247,300 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Waterloo Capital L.P. lifted its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 340.9% in the second quarter. Waterloo Capital L.P. now owns 91,738 shares of the company’s stock worth $4,518,000 after acquiring an additional 70,931 shares during the last quarter. Greenup Street Wealth Management LLC lifted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 10.0% during the 3rd quarter. Greenup Street Wealth Management LLC now owns 334,335 shares of the company’s stock worth $16,861,000 after purchasing an additional 30,379 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 6.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 380,695 shares of the company’s stock worth $19,198,000 after purchasing an additional 23,786 shares in the last quarter. Rosenberg Matthew Hamilton increased its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 16.5% in the third quarter. Rosenberg Matthew Hamilton now owns 107,720 shares of the company’s stock valued at $5,432,000 after buying an additional 15,238 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.3% in the third quarter. Farmers & Merchants Investments Inc. now owns 1,012,704 shares of the company’s stock valued at $51,071,000 after buying an additional 12,605 shares in the last quarter.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

iShares 0-5 Year Investment Grade Corporate Bond ETF stock traded up $0.04 during midday trading on Friday, reaching $49.80. 115,409 shares of the stock traded hands, compared to its average volume of 234,437. The company has a 50-day simple moving average of $50.10 and a two-hundred day simple moving average of $49.67. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12-month low of $48.32 and a 12-month high of $50.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were given a dividend of $0.1595 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 3.84%. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.