iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Short Interest Up 270.8% in May

iShares Core Total USD Bond Market ETF (NASDAQ:IUSBGet Rating) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 2,390,000 shares, an increase of 270.8% from the April 30th total of 644,600 shares. Based on an average daily trading volume, of 2,332,800 shares, the days-to-cover ratio is presently 1.0 days.

iShares Core Total USD Bond Market ETF stock traded up $0.07 during trading on Thursday, reaching $48.10. 2,448 shares of the company were exchanged, compared to its average volume of 2,467,994. iShares Core Total USD Bond Market ETF has a 52-week low of $46.94 and a 52-week high of $54.09. The stock’s 50 day simple moving average is $48.28 and its two-hundred day simple moving average is $50.70.

The firm also recently declared a monthly dividend, which was paid on Friday, May 6th. Stockholders of record on Tuesday, May 3rd were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, May 2nd. This is a boost from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.09. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.25%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IUSB. Envestnet Asset Management Inc. grew its holdings in shares of iShares Core Total USD Bond Market ETF by 28.7% during the 1st quarter. Envestnet Asset Management Inc. now owns 79,084,228 shares of the company’s stock worth $3,924,950,000 after purchasing an additional 17,644,129 shares during the period. CWM LLC purchased a new stake in shares of iShares Core Total USD Bond Market ETF in the 4th quarter valued at $559,354,000. BlackRock Inc. raised its holdings in shares of iShares Core Total USD Bond Market ETF by 8.7% in the 4th quarter. BlackRock Inc. now owns 59,747,154 shares of the company’s stock valued at $3,162,417,000 after buying an additional 4,765,174 shares during the period. Jones Financial Companies Lllp raised its holdings in shares of iShares Core Total USD Bond Market ETF by 12.6% in the 1st quarter. Jones Financial Companies Lllp now owns 22,458,212 shares of the company’s stock valued at $1,103,414,000 after buying an additional 2,512,565 shares during the period. Finally, Intelligence Driven Advisers LLC raised its holdings in shares of iShares Core Total USD Bond Market ETF by 317.3% in the 4th quarter. Intelligence Driven Advisers LLC now owns 2,290,300 shares of the company’s stock valued at $119,645,000 after buying an additional 1,741,437 shares during the period.

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