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 recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 691,661 shares, a decrease of 41.6% from the May 31st total of 1,184,578 shares. Based on an average trading volume of 1,724,767 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are short sold.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG stock traded down $0.25 during midday trading on Wednesday, hitting $51.04. 554,204 shares of the company’s stock were exchanged, compared to its average volume of 2,584,923. The business has a 50-day simple moving average of $51.18 and a two-hundred day simple moving average of $51.54. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $50.48 and a 1-year high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were issued a dividend of $0.2074 per share. The ex-dividend date was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% in the third quarter. Ameriprise Financial Inc. now owns 11,508,464 shares of the company’s stock valued at $579,811,000 after purchasing an additional 1,530,288 shares during the period. Runnymede Capital Advisors Inc. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $9,061,000. JPMorgan Chase & Co. boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock worth $74,268,000 after buying an additional 45,662 shares during the period. One Capital Management LLC grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 541.7% in the fourth quarter. One Capital Management LLC now owns 42,287 shares of the company’s stock valued at $2,189,000 after buying an additional 35,697 shares in the last quarter. Finally, Crestwood Advisors Group LLC grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the fourth quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock valued at $33,656,000 after buying an additional 112,916 shares in the last quarter.

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.