iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Short Interest Up 1,183.2% in May

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 38,415,571 shares, an increase of 1,183.2% from the May 14th total of 2,993,656 shares. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 19,037,225 shares, the short-interest ratio is currently 2.0 days.

iShares Core Total USD Bond Market ETF Trading Down 0.1%

IUSB stock traded down $0.03 during mid-day trading on Wednesday, hitting $45.84. The stock had a trading volume of 3,864,109 shares, compared to its average volume of 4,697,016. iShares Core Total USD Bond Market ETF has a 1-year low of $45.47 and a 1-year high of $47.23. The company has a fifty day moving average of $46.12 and a 200 day moving average of $46.46. The stock has a market capitalization of $36.27 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were paid a $0.1511 dividend. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.0%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IUSB. CIBC Private Wealth Group LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF in the third quarter worth about $27,000. Mcguire Capital Advisors Inc. bought a new position in shares of iShares Core Total USD Bond Market ETF in the 4th quarter valued at approximately $30,000. Decker Retirement Planning Inc. acquired a new stake in iShares Core Total USD Bond Market ETF in the 4th quarter worth approximately $30,000. Chapman Financial Group LLC bought a new stake in iShares Core Total USD Bond Market ETF during the third quarter worth approximately $31,000. Finally, Hurley Capital LLC bought a new stake in iShares Core Total USD Bond Market ETF during the fourth quarter worth approximately $33,000.

About iShares Core Total USD Bond Market ETF

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.