Short Interest in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Decreases By 32.3%

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 2,947,859 shares, a drop of 32.3% from the January 15th total of 4,351,588 shares. Based on an average daily volume of 2,930,430 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 2,930,430 shares, the days-to-cover ratio is currently 1.0 days.

Hedge Funds Weigh In On iShares Core Total USD Bond Market ETF

Several institutional investors and hedge funds have recently bought and sold shares of IUSB. CIBC Private Wealth Group LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 3rd quarter worth approximately $27,000. Team Financial Group LLC grew its position in iShares Core Total USD Bond Market ETF by 54.4% in the third quarter. Team Financial Group LLC now owns 619 shares of the company’s stock worth $29,000 after acquiring an additional 218 shares during the period. Decker Retirement Planning Inc. acquired a new stake in iShares Core Total USD Bond Market ETF during the fourth quarter worth $30,000. Chapman Financial Group LLC acquired a new stake in iShares Core Total USD Bond Market ETF during the third quarter worth $31,000. Finally, Collier Financial purchased a new stake in iShares Core Total USD Bond Market ETF in the third quarter valued at $32,000.

iShares Core Total USD Bond Market ETF Trading Up 0.3%

NASDAQ IUSB traded up $0.14 on Friday, reaching $47.03. 3,675,059 shares of the company were exchanged, compared to its average volume of 3,297,302. The business’s fifty day moving average price is $46.63 and its 200 day moving average price is $46.62. The stock has a market capitalization of $35.37 billion, a P/E ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a fifty-two week low of $44.74 and a fifty-two week high of $47.20.

iShares Core Total USD Bond Market ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.165 dividend. This is an increase from iShares Core Total USD Bond Market ETF’s previous monthly dividend of $0.16. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd.

iShares Core Total USD Bond Market ETF Company Profile

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.