iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) Short Interest Update

iShares Core 1-5 Year USD Bond ETF (NASDAQ:ISTB) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 1,010,000 shares, an increase of 213.2% from the December 31st total of 322,500 shares. Based on an average daily volume of 367,000 shares, the days-to-cover ratio is currently 2.8 days.

iShares Core 1-5 Year USD Bond ETF Stock Up 0.1 %

Shares of ISTB stock opened at $48.04 on Friday. iShares Core 1-5 Year USD Bond ETF has a fifty-two week low of $46.65 and a fifty-two week high of $48.75. The stock has a 50-day simple moving average of $47.85 and a 200 day simple moving average of $48.06. The stock has a market capitalization of $4.26 billion, a P/E ratio of 16.72 and a beta of 0.07.

iShares Core 1-5 Year USD Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, December 18th were issued a $0.1587 dividend. The ex-dividend date of this dividend was Wednesday, December 18th. This represents a $1.90 annualized dividend and a dividend yield of 3.96%.

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

A number of hedge funds have recently modified their holdings of ISTB. Golden State Wealth Management LLC acquired a new stake in shares of iShares Core 1-5 Year USD Bond ETF during the fourth quarter worth approximately $32,000. Bogart Wealth LLC lifted its position in iShares Core 1-5 Year USD Bond ETF by 40.7% in the 3rd quarter. Bogart Wealth LLC now owns 992 shares of the company’s stock worth $48,000 after buying an additional 287 shares in the last quarter. Burkett Financial Services LLC boosted its stake in shares of iShares Core 1-5 Year USD Bond ETF by 56.3% during the 4th quarter. Burkett Financial Services LLC now owns 994 shares of the company’s stock valued at $47,000 after buying an additional 358 shares during the period. Crews Bank & Trust purchased a new position in shares of iShares Core 1-5 Year USD Bond ETF during the 4th quarter valued at $90,000. Finally, Security National Bank grew its holdings in shares of iShares Core 1-5 Year USD Bond ETF by 31.0% during the 3rd quarter. Security National Bank now owns 2,559 shares of the company’s stock valued at $125,000 after acquiring an additional 606 shares in the last quarter.

iShares Core 1-5 Year USD Bond ETF Company Profile

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.