Short Interest in iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB) Rises By 108.5%

by · The Cerbat Gem

iShares 5-10 Year Investment Grade Corporate Bond ETF (NASDAQ:IGIB – Get Free Report) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 5,230,565 shares, a growth of 108.5% from the June 15th total of 2,508,925 shares. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 3,053,978 shares, the short-interest ratio is currently 1.7 days.

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

Shares of IGIB stock traded down $0.04 on Thursday, hitting $52.68. The company had a trading volume of 2,190,141 shares, compared to its average volume of 3,042,335. iShares 5-10 Year Investment Grade Corporate Bond ETF has a twelve month low of $52.38 and a twelve month high of $54.58. The company has a 50-day moving average price of $52.94 and a 200-day moving average price of $53.44.

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

The business also recently disclosed a dividend, which was paid on Tuesday, July 7th. Shareholders of record on Wednesday, July 1st were given a $0.2155 dividend. The ex-dividend date was Wednesday, July 1st.

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

Large investors have recently made changes to their positions in the company. Archer Investment Corp boosted its holdings in iShares 5-10 Year Investment Grade Corporate Bond ETF by 874.5% during the first quarter. Archer Investment Corp now owns 497 shares of the company’s stock worth $26,000 after buying an additional 446 shares in the last quarter. Rothschild Investment LLC purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $40,000. IFC & Insurance Marketing Inc. purchased a new position in iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter valued at $45,000. MassMutual Private Wealth & Trust FSB raised its position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF by 137.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 904 shares of the company’s stock worth $49,000 after acquiring an additional 524 shares during the period. Finally, Birchwood Financial Partners Inc. acquired a new position in shares of iShares 5-10 Year Investment Grade Corporate Bond ETF in the fourth quarter worth about $54,000. 76.98% of the stock is currently owned by institutional investors and hedge funds.

About iShares 5-10 Year Investment Grade Corporate Bond ETF

(Get Free Report)

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.

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