iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Down 32.7% in October

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 233,500 shares, a decrease of 32.7% from the October 15th total of 346,900 shares. Based on an average trading volume of 247,300 shares, the days-to-cover ratio is currently 0.9 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Up 0.1 %

iShares 0-5 Year Investment Grade Corporate Bond ETF stock traded up $0.04 during midday trading on Friday, hitting $49.80. 115,409 shares of the stock were exchanged, compared to its average volume of 234,437. The company has a fifty day simple moving average of $50.10 and a two-hundred day simple moving average of $49.67. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52 week low of $48.32 and a 52 week high of $50.46.

iShares 0-5 Year Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.1595 dividend. The ex-dividend date was Friday, November 1st. This is a positive change from iShares 0-5 Year Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15. This represents a $1.91 annualized dividend and a yield of 3.84%.

Hedge Funds Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sierra Capital LLC lifted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 11.2% during the 2nd quarter. Sierra Capital LLC now owns 116,771 shares of the company’s stock valued at $5,751,000 after purchasing an additional 11,735 shares in the last quarter. LRI Investments LLC bought a new position in iShares 0-5 Year Investment Grade Corporate Bond ETF in the first quarter valued at approximately $96,000. Arkadios Wealth Advisors boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.5% in the third quarter. Arkadios Wealth Advisors now owns 12,738 shares of the company’s stock valued at $642,000 after buying an additional 2,337 shares during the period. Farmers & Merchants Investments Inc. boosted its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.3% in the third quarter. Farmers & Merchants Investments Inc. now owns 1,012,704 shares of the company’s stock valued at $51,071,000 after buying an additional 12,605 shares during the period. Finally, Greenup Street Wealth Management LLC increased its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 10.0% during the third quarter. Greenup Street Wealth Management LLC now owns 334,335 shares of the company’s stock worth $16,861,000 after acquiring an additional 30,379 shares in the last quarter.

iShares 0-5 Year Investment Grade Corporate Bond ETF Company Profile

The iShares 0-5 Year Investment Grade Corporate Bond ETF (SLQD) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade, USD-denominated corporate bonds with 0-5 years remaining to maturity. SLQD was launched on Oct 15, 2013 and is managed by BlackRock.