iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Up 174.7% in July

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIGGet Rating) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,230,000 shares, an increase of 174.7% from the June 30th total of 447,700 shares. Based on an average trading volume of 1,416,900 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the company. American Family Insurance Mutual Holding Co purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $127,425,000. Bank of New York Mellon Corp raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 7.2% during the 1st quarter. Bank of New York Mellon Corp now owns 1,320,824 shares of the company’s stock valued at $72,698,000 after buying an additional 88,167 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 479,058 shares of the company’s stock valued at $26,367,000 after buying an additional 7,184 shares during the last quarter. Compass Financial Group Inc. raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 1.2% during the 4th quarter. Compass Financial Group Inc. now owns 123,461 shares of the company’s stock valued at $7,376,000 after buying an additional 1,514 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 5.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 93,667 shares of the company’s stock valued at $4,774,000 after buying an additional 4,974 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of NASDAQ USIG opened at $52.55 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.85 and a twelve month high of $61.51. The company has a 50 day moving average of $51.45 and a 200 day moving average of $53.74.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, July 8th. Investors of record on Tuesday, July 5th were issued a $0.129 dividend. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.13. This represents a $1.55 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date was Friday, July 1st.

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