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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 1,344,624 shares, an increase of 25.8% from the December 31st total of 1,068,639 shares. Based on an average daily trading volume, of 3,175,263 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% of the company’s stock are sold short. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 3,175,263 shares, the short-interest ratio is currently 0.4 days.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ:USIG opened at $51.73 on Wednesday. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $49.10 and a fifty-two week high of $52.72. The firm has a 50-day simple moving average of $51.92 and a two-hundred day simple moving average of $51.93.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be given a $0.194 dividend. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.5%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. TIAA Trust National Association boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 317.1% during the second quarter. TIAA Trust National Association now owns 23,177,950 shares of the company’s stock valued at $1,189,420,000 after buying an additional 17,621,424 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock valued at $509,873,000 after acquiring an additional 1,735,043 shares during the last quarter. Runnymede Capital Advisors Inc. purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at about $9,061,000. Crestwood Advisors Group LLC raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the fourth quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock valued at $33,656,000 after purchasing an additional 112,916 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 1,582.7% during the fourth quarter. Farther Finance Advisors LLC now owns 66,482 shares of the company’s stock valued at $3,442,000 after purchasing an additional 62,531 shares during the period.

About iShares Broad USD Investment Grade Corporate Bond ETF

The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated, investment-grade corporate debt. USIG was launched on Jan 5, 2007 and is managed by BlackRock.