Short Interest in iShares Short-Term Corporate Bond ETF (IGSB) Declines By 37.0%

iShares Short-Term Corporate Bond ETF (NYSEARCA:IGSB) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 518,554 shares, a decrease of 37.0% from the January 15th total of 823,335 shares. Based on an average daily trading volume, of 1,217,767 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the company are sold short.

A number of institutional investors and hedge funds have recently made changes to their positions in IGSB. Northern Trust Corp acquired a new position in shares of iShares Short-Term Corporate Bond ETF during the 4th quarter worth approximately $7,901,000. FMR LLC acquired a new position in shares of iShares Short-Term Corporate Bond ETF during the 2nd quarter worth approximately $354,408,000. Commonwealth Equity Services LLC acquired a new position in shares of iShares Short-Term Corporate Bond ETF during the 4th quarter worth approximately $106,419,000. Stifel Financial Corp acquired a new position in shares of iShares Short-Term Corporate Bond ETF during the 4th quarter worth approximately $94,797,000. Finally, Stephens Inc. AR acquired a new position in shares of iShares Short-Term Corporate Bond ETF during the 4th quarter worth approximately $55,456,000.

Shares of IGSB opened at $52.11 on Thursday. iShares Short-Term Corporate Bond ETF has a 52 week low of $51.32 and a 52 week high of $52.32.

The business also recently declared a monthly dividend, which was paid on Thursday, February 7th. Investors of record on Monday, February 4th were paid a $0.1342 dividend. The ex-dividend date of this dividend was Friday, February 1st. This represents a $1.61 dividend on an annualized basis and a yield of 3.09%.

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Further Reading: What do investors mean by earnings per share?

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