iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Up 63.4% in April

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 1,560,531 shares, an increase of 63.4% from the March 31st total of 954,868 shares. Based on an average daily volume of 2,431,210 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the company are sold short.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG stock opened at $51.50 on Monday. The company has a fifty day moving average price of $51.56 and a two-hundred day moving average price of $51.86. iShares Broad USD Investment Grade Corporate Bond ETF has a one year low of $49.89 and a one year high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.1991 per share. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Wednesday, April 1st.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in USIG. Root Financial Partners LLC increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 18.7% during the 1st quarter. Root Financial Partners LLC now owns 5,512 shares of the company’s stock worth $282,000 after buying an additional 868 shares during the period. Harbor Investment Advisory LLC increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after buying an additional 661 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 10.7% in the first quarter. Janney Montgomery Scott LLC now owns 73,297 shares of the company’s stock valued at $3,755,000 after acquiring an additional 7,056 shares in the last quarter. Creative Capital Management Investments LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at about $34,000. Finally, Essex Bank acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at about $205,000.

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.