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

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 86,124 shares, a drop of 53.2% from the February 12th total of 184,101 shares. Based on an average daily volume of 688,135 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 688,135 shares, the short-interest ratio is presently 0.1 days.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of iShares Fallen Angels USD Bond ETF stock traded down $0.09 on Friday, reaching $26.66. The stock had a trading volume of 1,624,422 shares, compared to its average volume of 937,764. The business’s 50-day moving average price is $27.44 and its two-hundred day moving average price is $27.46. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.82 and a fifty-two week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were issued a $0.1506 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.8%.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

A number of hedge funds have recently bought and sold shares of FALN. Royal Bank of Canada lifted its position in shares of iShares Fallen Angels USD Bond ETF by 32.3% during the 1st quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock worth $8,079,000 after purchasing an additional 73,579 shares during the last quarter. NewEdge Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 13.3% in the 1st quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock worth $394,000 after buying an additional 1,728 shares during the period. Bank of Montreal Can increased its position in iShares Fallen Angels USD Bond ETF by 9.6% in the 2nd quarter. Bank of Montreal Can now owns 6,410 shares of the company’s stock worth $174,000 after buying an additional 560 shares during the period. AE Wealth Management LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 28.4% during the second quarter. AE Wealth Management LLC now owns 44,057 shares of the company’s stock worth $1,196,000 after buying an additional 9,743 shares during the last quarter. Finally, Kaizen Financial Strategies acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the second quarter worth approximately $413,000.

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.