iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Down 34.0% in April

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 1,029,641 shares, a drop of 34.0% from the April 15th total of 1,560,531 shares. Based on an average daily volume of 1,260,354 shares, the short-interest ratio is currently 0.8 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Koss Olinger Consulting LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter worth approximately $566,000. Bessemer Group Inc. increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.1% in the first quarter. Bessemer Group Inc. now owns 28,127 shares of the company’s stock worth $1,441,000 after buying an additional 312 shares during the period. Bank of New York Mellon Corp increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock worth $81,099,000 after buying an additional 14,073 shares during the period. Ascentis Independent Advisors increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 41.6% in the first quarter. Ascentis Independent Advisors now owns 20,653 shares of the company’s stock worth $1,058,000 after buying an additional 6,071 shares during the period. Finally, Nixon Peabody Trust Co. purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter valued at about $259,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ USIG opened at $50.82 on Monday. The stock’s 50-day simple moving average is $51.28 and its two-hundred day simple moving average is $51.74. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.89 and a twelve month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.2042 dividend. The ex-dividend date was Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.8%.

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.