Short Interest in iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Declines By 13.3%

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totalling 215,000 shares, a drop of 13.3% from the June 15th total of 248,100 shares. Based on an average trading volume of 178,900 shares, the days-to-cover ratio is presently 1.2 days.

iShares 0-5 Year Investment Grade Corporate Bond ETF Stock Performance

NASDAQ SLQD opened at $49.52 on Tuesday. The stock’s 50 day simple moving average is $49.17 and its 200-day simple moving average is $49.11. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $47.65 and a 1-year high of $49.55.

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

The business also recently declared a monthly dividend, which was paid on Friday, July 5th. Investors of record on Monday, July 1st were issued a $0.1557 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.87 annualized dividend and a dividend yield of 3.77%.

Institutional Investors Weigh In On iShares 0-5 Year Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. TIAA Trust National Association increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 50.2% in the fourth quarter. TIAA Trust National Association now owns 536,361 shares of the company’s stock valued at $26,389,000 after purchasing an additional 179,234 shares during the last quarter. Creative Financial Designs Inc. ADV increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 1.1% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 315,874 shares of the company’s stock valued at $15,541,000 after purchasing an additional 3,307 shares during the last quarter. Greenup Street Wealth Management LLC increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 9.2% in the fourth quarter. Greenup Street Wealth Management LLC now owns 271,324 shares of the company’s stock valued at $13,349,000 after purchasing an additional 22,761 shares during the last quarter. Summit Financial LLC increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 0.8% in the fourth quarter. Summit Financial LLC now owns 108,294 shares of the company’s stock valued at $5,328,000 after purchasing an additional 830 shares during the last quarter. Finally, Sierra Capital LLC increased its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 37.7% in the first quarter. Sierra Capital LLC now owns 105,036 shares of the company’s stock valued at $5,170,000 after purchasing an additional 28,749 shares during the last quarter.

About iShares 0-5 Year Investment Grade Corporate Bond ETF

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.