iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Significant Decrease in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 741,019 shares, a decrease of 54.5% from the September 15th total of 1,629,949 shares. Based on an average daily volume of 2,180,948 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Creative Capital Management Investments LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter valued at about $34,000. Harbor Investment Advisory LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% in the first quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after buying an additional 661 shares during the last quarter. Centennial Bank AR bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth about $66,000. Continuum Advisory LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at approximately $80,000. Finally, Compass Financial Management LLC acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $144,000.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.4%

Shares of NASDAQ USIG opened at $48.63 on Wednesday. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $48.30 and a 12-month high of $52.72. The stock has a 50 day simple moving average of $49.68 and a 200-day simple moving average of $50.56.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, October 6th. Shareholders of record on Thursday, October 1st were given a $0.2062 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 5.1%. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041. The ex-dividend date was Thursday, October 1st.

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.