iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 51,100 shares, a drop of 63.7% from the August 15th total of 140,600 shares. Based on an average trading volume of 591,500 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 591,500 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wolff Wiese Magana LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 86.9% during the 2nd quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after buying an additional 523 shares during the period. Brown Lisle Cummings Inc. bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $32,000. Fifth Third Bancorp boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 45.1% during the 1st quarter. Fifth Third Bancorp now owns 1,785 shares of the company’s stock worth $48,000 after buying an additional 555 shares during the period. Strategic Investment Solutions Inc. IL boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 26.8% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 1,904 shares of the company’s stock worth $51,000 after buying an additional 403 shares during the period. Finally, Olde Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $53,000.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN opened at $27.57 on Friday. The firm’s fifty day moving average price is $27.14 and its two-hundred day moving average price is $26.74. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.58.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, September 5th. Investors of record on Tuesday, September 2nd were issued a dividend of $0.1424 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 6.2%.

iShares Fallen Angels USD Bond ETF Company Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.