Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Decreases By 93.6%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 35,827 shares, a drop of 93.6% from the May 31st total of 555,816 shares. Based on an average daily trading volume, of 1,338,757 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN traded down $0.02 during mid-day trading on Friday, hitting $27.20. The company’s stock had a trading volume of 293,804 shares, compared to its average volume of 1,189,831. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.79. The stock has a fifty day moving average of $27.08 and a 200-day moving average of $27.20.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.1491 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 6.6%.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of large investors have recently made changes to their positions in the company. Wellington Grp LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth about $26,000. Global Retirement Partners LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $30,000. RMG Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $31,000. Finally, CoreCap Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 46.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 547 shares during the period.

iShares Fallen Angels USD Bond ETF Company Profile

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.