Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Decreases By 30.3%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 172,900 shares, a decline of 30.3% from the February 13th total of 248,100 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 437,900 shares, the days-to-cover ratio is presently 0.4 days.

iShares Core 1-5 Year USD Bond ETF Price Performance

NASDAQ ISTB opened at $48.11 on Friday. The firm’s 50-day moving average is $47.96 and its two-hundred day moving average is $48.07. iShares Core 1-5 Year USD Bond ETF has a 12 month low of $46.65 and a 12 month high of $48.75. The stock has a market capitalization of $4.28 billion, a P/E ratio of 10.95 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1568 per share. The ex-dividend date was Monday, March 3rd.

Institutional Trading of iShares Core 1-5 Year USD Bond ETF

Large investors have recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at approximately $32,000. Ameriflex Group Inc. purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth approximately $34,000. BNP Paribas Financial Markets acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth $46,000. Burkett Financial Services LLC lifted its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 56.3% during the fourth quarter. Burkett Financial Services LLC now owns 994 shares of the company’s stock worth $47,000 after purchasing an additional 358 shares during the period. Finally, Crews Bank & Trust acquired a new stake in iShares Core 1-5 Year USD Bond ETF in the fourth quarter valued at $90,000.

About iShares Core 1-5 Year USD Bond ETF

The iShares Core 1-5 Year USD Bond ETF (ISTB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a broad USD-denominated bond index with 1-5 years remaining in maturities. ISTB was launched on Oct 18, 2012 and is managed by BlackRock.