iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Sees Significant Growth in Short Interest

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totalling 1,420,000 shares, an increase of 43.5% from the September 30th total of 989,500 shares. Based on an average daily trading volume, of 2,072,900 shares, the short-interest ratio is currently 0.7 days.

iShares 5-10 Year Investment Grade Corporate Bond ETF Stock Up 0.1 %

Shares of iShares 5-10 Year Investment Grade Corporate Bond ETF stock traded up $0.05 on Tuesday, reaching $52.43. The company’s stock had a trading volume of 2,045,678 shares, compared to its average volume of 1,945,967. iShares 5-10 Year Investment Grade Corporate Bond ETF has a 52 week low of $47.61 and a 52 week high of $54.10. The firm’s fifty day simple moving average is $53.27 and its two-hundred day simple moving average is $52.04.

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

The firm also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.192 dividend. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares 5-10 Year Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. One Capital Management LLC lifted its position in iShares 5-10 Year Investment Grade Corporate Bond ETF by 18.6% during the second quarter. One Capital Management LLC now owns 3,956,402 shares of the company’s stock valued at $202,805,000 after purchasing an additional 619,092 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 7,287.0% during the 1st quarter. BNP Paribas Financial Markets now owns 426,749 shares of the company’s stock valued at $22,020,000 after buying an additional 420,972 shares in the last quarter. Toronto Dominion Bank bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF during the second quarter valued at $15,378,000. BNP Paribas bought a new stake in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF during the 1st quarter worth approximately $13,032,000. Finally, Mittelman Wealth Management bought a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the 1st quarter worth about $9,218,000. Institutional investors own 76.98% of the company’s stock.

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.