Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Decreases By 34.0%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,029,641 shares, a drop of 34.0% from the April 15th total of 1,560,531 shares. Based on an average daily trading volume, of 1,260,354 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Strategic Investment Advisors MI raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% in the first quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock valued at $21,856,000 after buying an additional 192,960 shares in the last quarter. Arkadios Wealth Advisors grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 16.9% during the first quarter. Arkadios Wealth Advisors now owns 23,750 shares of the company’s stock worth $1,217,000 after purchasing an additional 3,430 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.8% during the first quarter. EverSource Wealth Advisors LLC now owns 46,046 shares of the company’s stock worth $2,359,000 after purchasing an additional 824 shares during the last quarter. Koss Olinger Consulting LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth about $566,000. Finally, Bessemer Group Inc. grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.1% during the first quarter. Bessemer Group Inc. now owns 28,127 shares of the company’s stock worth $1,441,000 after purchasing an additional 312 shares during the last quarter.

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

iShares Broad USD Investment Grade Corporate Bond ETF stock traded down $0.17 during midday trading on Tuesday, reaching $50.57. The company’s stock had a trading volume of 1,179,861 shares, compared to its average volume of 2,823,643. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $49.89 and a fifty-two week high of $52.72. The business has a 50-day simple moving average of $51.26 and a 200-day simple moving average of $51.73.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.2042 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

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.