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) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 233,500 shares, a decline 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.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 58.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,721 shares of the company’s stock worth $137,000 after acquiring an additional 1,006 shares during the last quarter. Creative Financial Designs Inc. ADV raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 6.7% in the third quarter. Creative Financial Designs Inc. ADV now owns 380,695 shares of the company’s stock worth $19,198,000 after purchasing an additional 23,786 shares during the last quarter. Rosenberg Matthew Hamilton raised its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 16.5% in the third quarter. Rosenberg Matthew Hamilton now owns 107,720 shares of the company’s stock worth $5,432,000 after purchasing an additional 15,238 shares during the last quarter. Farmers & Merchants Investments Inc. lifted 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 purchasing an additional 12,605 shares in the last quarter. Finally, Arkadios Wealth Advisors boosted its position in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 22.5% during 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 last quarter.

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

Shares of NASDAQ:SLQD traded up $0.04 during trading on Friday, reaching $49.80. 115,409 shares of the stock were exchanged, compared to its average volume of 234,437. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 1-year low of $48.32 and a 1-year high of $50.46. The stock has a fifty day moving average of $50.10 and a two-hundred day moving average of $49.67.

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

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

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.