iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Down 84.1% in February

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 184,101 shares, a decrease of 84.1% from the January 29th total of 1,154,673 shares. Based on an average daily volume of 908,730 shares, the short-interest ratio is presently 0.2 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 908,730 shares, the short-interest ratio is presently 0.2 days.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

NASDAQ:FALN traded up $0.03 during trading on Wednesday, reaching $27.62. The company’s stock had a trading volume of 380,091 shares, compared to its average volume of 742,524. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79. The firm has a 50 day moving average of $27.47 and a 200-day moving average of $27.46.

iShares Fallen Angels USD Bond 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 paid a $0.1473 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.4%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC lifted its holdings in shares of 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 worth $28,000 after acquiring an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $30,000. CoreCap Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 72.4% in the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 94.2% in the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after acquiring an additional 693 shares during the period. Finally, Camelot Portfolios LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $55,000.

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.