The iShares 1-5 Year Investment Grade Corporate Bond ETF (NASDAQ:IGSB – Get Rating) suffered a significant drop in short interest rates in November. As of November 30, 4.8 million shares were shorted, down 13.8% from the November 15 total of 5.57 million shares. Based on an average daily trading volume of 5,097,200 shares, the days coverage ratio is currently 0.9 days.
iShares 1-5 Year Investment Grade Corporate Bond ETF Price Performance
NASDAQ:IGSB rose $0.01 during Friday’s trading hours to reach $50.09. His 3,226,015 shares of the company traded, with an average turnover of 4,095,595 shares for him. The company has a 50-day moving average of $49.45 and a 200-day moving average of $50.09. The iShares 1-5 Year Investment Grade Corporate Bond ETF hit a one-year low of $48.62 and a one-year high of $53.93.
iShares 1-5 Year Investment Grade Corporate Bond ETF Dividend Increase
The business recently announced a monthly dividend payable on Wednesday, December 21st. Dividends of $0.118 per share will be issued to shareholders of record on Friday, December 16. This represents his $1.42 dividend and his 2.83% yield on an annual basis. The ex-dividend date is Thursday, December 15. This is an increase from the iShares 1-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.12.
Institutional Investors Consider iShares’ 1- to 5-Year Investment Grade Corporate Bond ETFs
Many large investors are buying and selling stocks these days. Bank of New York Mellon Corp. He increased his holdings of the iShares 1-5 year investment grade corporate bond ETF by 10.7% in the third quarter. Bank of New York Mellon Corp now owns 236,416 shares of the company worth $11,650,000 after he purchased an additional 22,795 shares during the previous quarter. IHT Wealth Management LLC increased its stake in the iShares 1-5 Year Investment Grade Corporate Bond ETF by 37.4% in the third quarter. IHT Wealth Management LLC now owns 24,174 shares of the company worth $1,191,000 after he purchased an additional 6,585 shares during the previous quarter. Integrated Investment Consultants LLC increased its stake in the iShares 1-5 Year Investment Grade Corporate Bond ETF by 10.5% in the third quarter. Integrated Investment Consultants LLC now owns 29,854 shares of the company, valued at $1,471,000, after purchasing an additional 2,833 shares during the previous quarter. Captrust Financial Advisors increased its holdings in the iShares 1-5 Year Investment Grade Corporate Bond ETF by 24.7% in the third quarter. Captrust Financial Advisors now owns 715,025 shares of the company, valued at $35,236,000, after purchasing an additional 141,805 shares in the previous quarter. Finally, Almanack Investment Partners LLC. acquired new equity in the iShares 1-5 Year Investment Grade Corporate Bond ETF worth $174,000 in the third quarter.
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