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

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a significant growth in short interest in November. As of November 15th, there was short interest totalling 337,600 shares, a growth of 44.6% from the October 31st total of 233,500 shares. Based on an average trading volume of 258,000 shares, the short-interest ratio is presently 1.3 days.

Institutional Trading of iShares 0-5 Year Investment Grade Corporate Bond ETF

A number of large investors have recently modified their holdings of the company. Sierra Capital LLC increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 11.2% during the 2nd quarter. Sierra Capital LLC now owns 116,771 shares of the company’s stock valued at $5,751,000 after purchasing an additional 11,735 shares during the period. Arkadios Wealth Advisors lifted its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.5% in the 3rd quarter. Arkadios Wealth Advisors now owns 12,738 shares of the company’s stock worth $642,000 after buying an additional 2,337 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.3% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 1,012,704 shares of the company’s stock worth $51,071,000 after purchasing an additional 12,605 shares during the last quarter. Greenup Street Wealth Management LLC grew its position in iShares 0-5 Year Investment Grade Corporate Bond ETF by 10.0% in the third quarter. Greenup Street Wealth Management LLC now owns 334,335 shares of the company’s stock worth $16,861,000 after acquiring an additional 30,379 shares in the last quarter. Finally, Atlas Capital Advisors LLC acquired a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF in the second quarter worth about $57,000.

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

SLQD traded up $0.08 during trading hours on Friday, reaching $50.05. 136,107 shares of the stock traded hands, compared to its average volume of 232,753. iShares 0-5 Year Investment Grade Corporate Bond ETF has a fifty-two week low of $48.56 and a fifty-two week high of $50.46. The firm’s fifty day simple moving average is $50.02 and its two-hundred day simple moving average is $49.74.

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

The business also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were paid a $0.1595 dividend. This is an increase from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15. This represents a $1.91 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date of this dividend was Friday, November 1st.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

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.