iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Large Decrease in Short Interest

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 111,844 shares, a decline of 86.6% from the December 15th total of 837,443 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 497,528 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 497,528 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Signal Advisors Wealth LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 54.8% during the 4th quarter. Signal Advisors Wealth LLC now owns 41,796 shares of the company’s stock valued at $1,141,000 after buying an additional 14,804 shares during the last quarter. Exchange Bank raised its stake in shares of iShares Fallen Angels USD Bond ETF by 1.8% during the fourth quarter. Exchange Bank now owns 26,854 shares of the company’s stock valued at $733,000 after acquiring an additional 464 shares during the last quarter. FOCUS Wealth Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.0% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 74,993 shares of the company’s stock worth $2,047,000 after purchasing an additional 732 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 906.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 344,730 shares of the company’s stock worth $9,463,000 after purchasing an additional 310,481 shares during the period. Finally, Avior Wealth Management LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $228,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.1%

Shares of NASDAQ:FALN traded down $0.04 on Tuesday, reaching $27.51. 374,626 shares of the company traded hands, compared to its average volume of 841,135. The business’s 50-day simple moving average is $27.37 and its 200 day simple moving average is $27.34. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a $0.1466 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

About iShares Fallen Angels USD Bond ETF

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.