Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Increases By 62.2%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,723,143 shares, an increase of 62.2% from the January 29th total of 1,062,287 shares. Based on an average daily volume of 2,127,918 shares, the days-to-cover ratio is presently 0.8 days. Approximately 0.5% of the shares of the stock are short sold. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 2,127,918 shares, the days-to-cover ratio is presently 0.8 days.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.0%

Shares of USIG stock opened at $52.37 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $49.10 and a 1 year high of $52.72. The firm’s 50 day moving average is $51.99 and its 200-day moving average is $52.02.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.194 dividend. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Monday, February 2nd.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of USIG. Strive Financial Group LLC bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $52,000. Virtue Capital Management LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $3,405,000. Garton & Associates Financial Advisors LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $26,000. Centennial Bank AR acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at $66,000. Finally, Captrust Financial Advisors grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.1% in the 4th quarter. Captrust Financial Advisors now owns 580,139 shares of the company’s stock valued at $30,034,000 after buying an additional 12,183 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.