Investment

Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Declines By 58.2%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIGGet Rating) saw a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 577,100 shares, a decrease of 58.2% from the August 31st total of 1,380,000 shares. Based on an average trading volume of 885,300 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. American Family Insurance Mutual Holding Co purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth $127,425,000. Bank of New York Mellon Corp boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.2% during the first quarter. Bank of New York Mellon Corp now owns 1,320,824 shares of the company’s stock worth $72,698,000 after buying an additional 88,167 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.5% during the first quarter. Janney Montgomery Scott LLC now owns 479,058 shares of the company’s stock worth $26,367,000 after buying an additional 7,184 shares during the period. Compass Financial Group Inc. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 0.5% in the second quarter. Compass Financial Group Inc. now owns 123,337 shares of the company’s stock valued at $6,286,000 after acquiring an additional 585 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 5.6% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 93,667 shares of the company’s stock valued at $4,774,000 after acquiring an additional 4,974 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 1.1 %

iShares Broad USD Investment Grade Corporate Bond ETF stock traded down $0.53 during mid-day trading on Tuesday, hitting $47.73. The company’s stock had a trading volume of 65,432 shares, compared to its average volume of 1,310,277. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $48.24 and a 1 year high of $60.86. The stock’s fifty day moving average is $51.10 and its two-hundred day moving average is $51.96.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, September 8th. Investors of record on Friday, September 2nd were given a $0.134 dividend. This represents a $1.61 annualized dividend and a yield of 3.37%. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date was Thursday, September 1st.

Further Reading

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