Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Drops By 27.2%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 1,000,705 shares, a drop of 27.2% from the February 26th total of 1,375,170 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 5,909,302 shares, the days-to-cover ratio is currently 0.2 days.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ:USIG opened at $50.71 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 business has a 50-day moving average price of $51.78 and a two-hundred day moving average price of $51.98.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

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

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

Several large investors have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth $26,000. YANKCOM Partnership acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at $32,000. Thompson Investment Management Inc. acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter valued at $38,000. CoreCap Advisors LLC boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% in the 3rd quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock worth $39,000 after purchasing an additional 499 shares during the last quarter. Finally, Trust Co. of Vermont boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% in the 3rd quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock worth $46,000 after purchasing an additional 567 shares during the last quarter.

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.