iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) Short Interest Up 146.1% in March

iShares 0-5 Year Investment Grade Corporate Bond ETF (NASDAQ:SLQD) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 25,100 shares, a growth of 146.1% from the February 29th total of 10,200 shares. Based on an average daily trading volume, of 313,700 shares, the days-to-cover ratio is currently 0.1 days.

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

A number of large investors have recently made changes to their positions in the company. Main Management LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $6,226,000. Atlas Capital Advisors LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $79,000. OLD Mission Capital LLC grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 23.2% during the 4th quarter. OLD Mission Capital LLC now owns 36,535 shares of the company’s stock valued at $1,798,000 after purchasing an additional 6,891 shares during the period. Comerica Bank grew its stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF by 33.2% during the 4th quarter. Comerica Bank now owns 18,109 shares of the company’s stock valued at $891,000 after purchasing an additional 4,516 shares during the period. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the 4th quarter valued at about $41,000.

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

NASDAQ SLQD traded down $0.05 during trading hours on Thursday, hitting $49.22. The company’s stock had a trading volume of 573,212 shares, compared to its average volume of 295,667. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 12 month low of $47.65 and a 12 month high of $49.41. The company’s 50 day simple moving average is $49.13 and its two-hundred day simple moving average is $48.66.

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

The company also recently declared a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were paid a dividend of $0.1461 per share. The ex-dividend date was Friday, March 1st. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.56%.

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.