Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Expands By 62.2%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,723,143 shares, a growth of 62.2% from the January 29th total of 1,062,287 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 2,127,918 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 2,127,918 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. TIAA Trust National Association raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during the 4th quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock worth $1,327,404,000 after acquiring an additional 1,002,085 shares in the last quarter. Ameriprise Financial Inc. grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% during the 3rd quarter. Ameriprise Financial Inc. now owns 11,508,464 shares of the company’s stock worth $579,811,000 after purchasing an additional 1,530,288 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,568,962 shares of the company’s stock worth $81,225,000 after buying an additional 115,328 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.9% in the 4th quarter. JPMorgan Chase & Co. now owns 1,449,857 shares of the company’s stock valued at $75,059,000 after purchasing an additional 27,651 shares during the last quarter. Finally, Crestwood Advisors Group LLC grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the 4th 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 during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.8%

Shares of USIG stock traded down $0.40 during trading on Monday, reaching $51.97. The company’s stock had a trading volume of 104,665 shares, compared to its average volume of 2,305,807. 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 price is $51.99 and its 200 day moving average price is $52.03.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.203 per share. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19. The ex-dividend date is Monday, March 2nd. This represents a c) annualized dividend and a yield of 4.7%.

About iShares Broad USD Investment Grade Corporate Bond ETF

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.