Short interest in iShares 0-5 Year Corporate Bond ETF (NASDAQ:SLQD) is down 74.1%

The iShares 0-5 Year Investment Grade Corporate Bond ETF ( NASDAQ:SLQD – Get Rating ) had a significant decline in short interest during the month of August. As of August 15th, there was short interest in 142,000 shares, a decrease of 74.1% from the July 31st total of 549,300 shares. Based on an average trading volume of 671,200 shares, the days-to-cover ratio is currently 0.2 days.

iShares Institutional Trading 0-5 Year Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Advocacy Wealth Management Services LLC bought a new stake in shares of iShares 0-5 Year Investment Grade Corporate Bond ETF during the second quarter worth about $80,527,000. Farmers & Merchants Investments Inc. boosted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 10.4% during the second quarter. Farmers & Merchants Investments Inc. now owns 1,076,006 shares of the company’s stock valued at $52,143,000 after purchasing an additional 101,062 shares during the period. TIAA FSB boosted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.5% during the first quarter. TIAA FSB now owns 570,170 shares of the company’s stock valued at $28,144,000 after acquiring an additional 39,712 shares during the period. Curi Wealth Management LLC boosted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 7.8% during the first quarter. Curi Wealth Management LLC now owns 306,539 shares of the company’s stock valued at $15,130,000 after acquiring an additional 22,225 shares during the period. Finally, Camden National Bank boosted its holdings in iShares 0-5 Year Investment Grade Corporate Bond ETF by 2.8% during the first quarter. Camden National Bank now owns 305,071 shares of the company’s stock valued at $15,058,000 after purchasing an additional 8,306 shares during the period.

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

Shares of SLQD stock traded up $0.14 on Thursday, reaching $48.65. 585,399 shares of the company’s stock traded hands, compared to its average volume of 566,623. The stock’s 50-day simple moving average is $48.58, and its two-hundred-day simple moving average is $49.01. iShares 0-5 Year Investment Grade Corporate Bond ETF has a 52-week low of $47.86 and a 52-week high of $51.83.

iShares 0-5 Year Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, August 5th. Investors of record on Tuesday, August 2nd were given a dividend of $0.068 per share. This represents a dividend of $0.82 on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, August 1st.

Further reading

This instant news alert was created from scientific narrative technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider the iShares 0-5 Year Investment Grade Corporate Bond ETF, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s highest-rated and best-rated research analysts and the stocks they recommend to their clients every day. MarketBeat has identified five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and the iShares 0-5 Year Investment Grade Corporate Bond ETF was not in list.

While the iShares 0-5 Year Investment Grade Corporate Bond ETF currently has a “N/A” rating among analysts, the highest rating analysts believe these five stocks are better buys.

View Five Shares Here