Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Decreases By 48.7%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 837,443 shares, a decline of 48.7% from the November 30th total of 1,632,517 shares. Based on an average trading volume of 1,107,726 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.3% of the company’s shares are sold short. Approximately 1.3% of the company’s shares are sold short. Based on an average trading volume of 1,107,726 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Several hedge funds have recently bought and sold shares of FALN. HighTower Advisors LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 32.3% in the 1st quarter. HighTower Advisors LLC now owns 10,664 shares of the company’s stock valued at $286,000 after purchasing an additional 2,606 shares during the period. Raymond James Financial Inc. grew its position in iShares Fallen Angels USD Bond ETF by 126.9% during the first quarter. Raymond James Financial Inc. now owns 370,217 shares of the company’s stock valued at $9,918,000 after purchasing an additional 207,071 shares in the last quarter. Kestra Advisory Services LLC increased its stake in iShares Fallen Angels USD Bond ETF by 61.5% in the 1st quarter. Kestra Advisory Services LLC now owns 71,972 shares of the company’s stock valued at $1,928,000 after buying an additional 27,401 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in iShares Fallen Angels USD Bond ETF by 26.5% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 35,389 shares of the company’s stock worth $948,000 after buying an additional 7,416 shares in the last quarter. Finally, Comerica Bank boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 8.2% during the 1st quarter. Comerica Bank now owns 50,448 shares of the company’s stock valued at $1,351,000 after buying an additional 3,840 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.0%

iShares Fallen Angels USD Bond ETF stock traded down $0.01 during midday trading on Friday, reaching $27.30. The stock had a trading volume of 273,676 shares, compared to its average volume of 960,678. iShares Fallen Angels USD Bond ETF has a twelve month low of $24.82 and a twelve month high of $27.79. The firm’s fifty day simple moving average is $27.41 and its two-hundred day simple moving average is $27.29.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a dividend of $0.1466 per share. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Friday, December 19th.

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.