iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 1,375,170 shares, a decline of 20.2% from the February 12th total of 1,723,143 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average trading volume of 1,840,512 shares, the days-to-cover ratio is currently 0.7 days. Based on an average trading volume of 1,840,512 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several large investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 86.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 10,862 shares of the company’s stock valued at $559,000 after purchasing an additional 5,051 shares during the last quarter. Capital Square LLC grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 7.7% during the second quarter. Capital Square LLC now owns 22,466 shares of the company’s stock worth $1,143,000 after buying an additional 1,606 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.5% during the second quarter. JPMorgan Chase & Co. now owns 1,376,544 shares of the company’s stock worth $70,810,000 after buying an additional 34,085 shares in the last quarter. Financial Avengers Inc. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.7% in the second quarter. Financial Avengers Inc. now owns 64,262 shares of the company’s stock valued at $3,306,000 after acquiring an additional 9,642 shares during the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 57.9% in the second quarter. Fisher Asset Management LLC now owns 34,845 shares of the company’s stock valued at $1,792,000 after acquiring an additional 12,783 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.3%

NASDAQ USIG opened at $50.97 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $49.10 and a 1-year high of $52.72. The stock’s 50 day moving average is $51.96 and its two-hundred day moving average is $52.03.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a dividend of $0.203 per share. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Monday, March 2nd.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated, investment-grade corporate debt. USIG was launched on Jan 5, 2007 and is managed by BlackRock.