iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Up 268.1% in March

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Rating) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 450,500 shares, a growth of 268.1% from the March 15th total of 122,400 shares. Based on an average daily volume of 1,660,800 shares, the days-to-cover ratio is presently 0.3 days.

NASDAQ:USIG opened at $53.08 on Friday. The company has a 50 day simple moving average of $55.41 and a two-hundred day simple moving average of $58.11. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $53.06 and a fifty-two week high of $61.51.

The firm also recently declared a monthly dividend, which was paid on Thursday, April 7th. Shareholders of record on Monday, April 4th were issued a dividend of $0.109 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date was Friday, April 1st.

Several institutional investors have recently bought and sold shares of USIG. Assetmark Inc. boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1,386.3% during the 3rd quarter. Assetmark Inc. now owns 3,061,442 shares of the company’s stock worth $183,993,000 after buying an additional 2,855,469 shares in the last quarter. Quent Capital LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at $3,820,000. Beaumont Capital Management LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at $3,029,000. Wayfinding Financial LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at $2,432,000. Finally, Janney Montgomery Scott LLC lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 7.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 471,874 shares of the company’s stock valued at $28,190,000 after acquiring an additional 34,728 shares in the last quarter.

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