iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Significant Decrease in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,375,170 shares, a decrease of 20.2% from the February 12th total of 1,723,143 shares. Based on an average trading volume of 1,840,512 shares, the days-to-cover ratio is currently 0.7 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 trading volume of 1,840,512 shares, the days-to-cover ratio is currently 0.7 days.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.3%

Shares of USIG opened at $50.97 on Monday. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.10 and a twelve month high of $52.72. The company has a 50 day moving average of $51.96 and a 200-day moving average of $52.04.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a dividend of $0.203 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a c) annualized dividend and a yield of 4.8%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Financial Avengers Inc. increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 23.6% in the 4th quarter. Financial Avengers Inc. now owns 90,019 shares of the company’s stock valued at $4,660,000 after buying an additional 17,194 shares during the last quarter. Strive Financial Group LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth about $52,000. Virtue Capital Management LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth about $3,405,000. Garton & Associates Financial Advisors LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at about $26,000. Finally, Centennial Bank AR bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at about $66,000.

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.