Short Interest in iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Decreases By 17.0%

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 286,300 shares, a drop of 17.0% from the November 15th total of 345,000 shares. Based on an average trading volume of 318,400 shares, the short-interest ratio is currently 0.9 days.

iShares Core 1-5 Year USD Bond ETF Trading Down 0.1 %

ISTB stock opened at $47.92 on Friday. The stock has a market cap of $4.08 billion, a P/E ratio of 16.72 and a beta of 0.07. iShares Core 1-5 Year USD Bond ETF has a twelve month low of $46.65 and a twelve month high of $48.75. The company’s 50 day moving average is $48.02 and its two-hundred day moving average is $47.97.

iShares Core 1-5 Year USD Bond ETF Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were paid a dividend of $0.1635 per share. This is a positive change from iShares Core 1-5 Year USD Bond ETF’s previous dividend of $0.16. The ex-dividend date was Monday, December 2nd.

Hedge Funds Weigh In On iShares Core 1-5 Year USD Bond ETF

Large investors have recently bought and sold shares of the stock. Rothschild Investment LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF in the 2nd quarter valued at about $57,000. NewEdge Advisors LLC grew its position in iShares Core 1-5 Year USD Bond ETF by 26.7% during the 2nd quarter. NewEdge Advisors LLC now owns 28,857 shares of the company’s stock worth $1,367,000 after purchasing an additional 6,090 shares during the last quarter. Thrivent Financial for Lutherans grew its position in iShares Core 1-5 Year USD Bond ETF by 8.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 218,033 shares of the company’s stock worth $10,328,000 after purchasing an additional 16,622 shares during the last quarter. Founders Financial Securities LLC raised its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 4.9% in the second quarter. Founders Financial Securities LLC now owns 287,235 shares of the company’s stock valued at $13,606,000 after buying an additional 13,418 shares during the last quarter. Finally, Choreo LLC boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 51.2% during the second quarter. Choreo LLC now owns 10,669 shares of the company’s stock worth $503,000 after buying an additional 3,611 shares during the period.

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.