iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIGGet Rating) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 488,300 shares, a growth of 113.1% from the October 15th total of 229,100 shares. Based on an average daily trading volume, of 1,002,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

A number of institutional investors have recently modified their holdings of USIG. Comerica Bank boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 35.7% during the 1st quarter. Comerica Bank now owns 7,017 shares of the company’s stock valued at $371,000 after buying an additional 1,846 shares during the period. Janney Montgomery Scott LLC raised its holdings in shares of 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 purchasing an additional 7,184 shares in the last quarter. Allred Capital Management LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter valued at $419,000. Noesis Capital Mangement Corp bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter valued at $273,000. Finally, Signature Securities Group Corporation raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.5% during the 1st quarter. Signature Securities Group Corporation now owns 10,534 shares of the company’s stock valued at $579,000 after purchasing an additional 736 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ:USIG opened at $48.54 on Friday. The firm has a fifty day moving average of $48.36 and a two-hundred day moving average of $50.49. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $46.47 and a 12-month high of $60.54.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Monday, November 7th. Shareholders of record on Wednesday, November 2nd were paid a dividend of $0.14 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date was Tuesday, November 1st.

Further Reading

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