iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Sees Large Decrease in Short Interest

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) was the target of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 10,348 shares, a drop of 90.6% from the May 14th total of 110,436 shares. Based on an average trading volume of 1,105,124 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of iShares ESG Aware USD Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. McIlrath & Eck LLC increased its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 2.3% in the 1st quarter. McIlrath & Eck LLC now owns 28,483 shares of the company’s stock worth $659,000 after acquiring an additional 643 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of iShares ESG Aware USD Corporate Bond ETF by 6.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 48,098 shares of the company’s stock worth $1,113,000 after purchasing an additional 2,768 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of iShares ESG Aware USD Corporate Bond ETF by 14.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,351 shares of the company’s stock worth $101,000 after purchasing an additional 533 shares during the period. Wells Financial Advisors INC grew its holdings in shares of iShares ESG Aware USD Corporate Bond ETF by 3.1% during the 1st quarter. Wells Financial Advisors INC now owns 23,045 shares of the company’s stock worth $533,000 after purchasing an additional 700 shares during the period. Finally, Cornerstone Planning Group LLC grew its holdings in shares of iShares ESG Aware USD Corporate Bond ETF by 7,563.9% during the 1st quarter. Cornerstone Planning Group LLC now owns 20,386 shares of the company’s stock worth $470,000 after purchasing an additional 20,120 shares during the period.

iShares ESG Aware USD Corporate Bond ETF Stock Up 0.3%

Shares of SUSC traded up $0.06 during midday trading on Tuesday, reaching $23.01. The company had a trading volume of 309,256 shares, compared to its average volume of 322,484. iShares ESG Aware USD Corporate Bond ETF has a 1-year low of $22.77 and a 1-year high of $23.85. The firm has a 50 day simple moving average of $23.12 and a 200-day simple moving average of $23.31.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.0885 dividend. This is a boost from iShares ESG Aware USD Corporate Bond ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%.

About iShares ESG Aware USD Corporate Bond ETF

The iShares ESG USD Corporate Bond ETF (SUSC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return characteristics of the Bloomberg US Corporate Index. SUSC was launched on Jul 11, 2017 and is managed by BlackRock.