iShares USD Green Bond ETF (NASDAQ:BGRN) Short Interest Up 142.3% in May

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a significant growth in short interest in May. As of May 29th, there was short interest totaling 66,033 shares, a growth of 142.3% from the May 14th total of 27,254 shares. Based on an average daily trading volume, of 26,340 shares, the days-to-cover ratio is currently 2.5 days. Approximately 0.7% of the shares of the company are sold short.

Institutional Trading of iShares USD Green Bond ETF

A number of institutional investors have recently modified their holdings of the stock. Betterment LLC lifted its position in shares of iShares USD Green Bond ETF by 6.9% during the 4th quarter. Betterment LLC now owns 1,345,583 shares of the company’s stock valued at $64,507,000 after acquiring an additional 86,489 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of iShares USD Green Bond ETF by 6.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 1,008,312 shares of the company’s stock valued at $48,334,000 after acquiring an additional 61,396 shares during the period. Bank of America Corp DE lifted its position in shares of iShares USD Green Bond ETF by 21.4% during the 1st quarter. Bank of America Corp DE now owns 418,909 shares of the company’s stock valued at $19,886,000 after acquiring an additional 73,909 shares during the period. Royal Bank of Canada lifted its position in shares of iShares USD Green Bond ETF by 2.5% during the 1st quarter. Royal Bank of Canada now owns 256,841 shares of the company’s stock valued at $12,193,000 after acquiring an additional 6,348 shares during the period. Finally, Impact Investors Inc lifted its position in shares of iShares USD Green Bond ETF by 11.1% during the 1st quarter. Impact Investors Inc now owns 169,667 shares of the company’s stock valued at $8,054,000 after acquiring an additional 16,888 shares during the period.

iShares USD Green Bond ETF Stock Down 0.0%

Shares of BGRN traded down $0.02 during midday trading on Friday, reaching $47.41. 16,934 shares of the stock were exchanged, compared to its average volume of 28,602. iShares USD Green Bond ETF has a twelve month low of $46.96 and a twelve month high of $48.52. The stock’s 50 day simple moving average is $47.44 and its 200 day simple moving average is $47.76.

iShares USD Green Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.1725 per share. This is an increase from iShares USD Green Bond ETF’s previous monthly dividend of $0.17. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Monday, June 1st.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.