iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Short Interest Up 29.2% in February

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,170,000 shares, a growth of 29.2% from the February 13th total of 1,680,000 shares. Based on an average trading volume of 2,073,800 shares, the short-interest ratio is currently 1.0 days. Currently, 0.8% of the shares of the company are sold short.

iShares 5-10 Year Investment Grade Corporate Bond ETF Price Performance

Shares of IGIB stock opened at $52.25 on Wednesday. The stock’s 50-day simple moving average is $51.89 and its 200-day simple moving average is $52.35. iShares 5-10 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $49.91 and a fifty-two week high of $54.10.

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

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1981 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from iShares 5-10 Year Investment Grade Corporate Bond ETF’s previous dividend of $0.20.

Institutional Investors Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Several hedge funds have recently modified their holdings of IGIB. SBI Securities Co. Ltd. purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $28,000. MassMutual Private Wealth & Trust FSB grew its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 205.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,160 shares of the company’s stock valued at $60,000 after buying an additional 780 shares in the last quarter. SouthState Corp acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth about $63,000. General Partner Inc. acquired a new stake in iShares 5-10 Year Investment Grade Corporate Bond ETF during the fourth quarter worth $86,000. Finally, Providence First Trust Co purchased a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the 4th quarter valued at approximately $103,000. 76.98% of the stock is owned by hedge funds and other institutional investors.

iShares 5-10 Year Investment Grade Corporate Bond ETF Company Profile

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.