iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Large Decrease in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 10,704 shares, a drop of 87.4% from the August 31st total of 84,906 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 37,282 shares, the short-interest ratio is presently 0.3 days.

iShares USD Green Bond ETF Stock Down 0.3%

Shares of BGRN opened at $45.85 on Friday. The stock’s 50 day moving average is $46.72 and its two-hundred day moving average is $47.17. iShares USD Green Bond ETF has a twelve month low of $45.84 and a twelve month high of $48.52.

iShares USD Green Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a $0.1742 dividend. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.6%. This is a boost from iShares USD Green Bond ETF’s previous monthly dividend of $0.1679. The ex-dividend date was Tuesday, September 1st.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BGRN. Allworth Financial LP lifted its holdings in iShares USD Green Bond ETF by 429.4% in the fourth quarter. Allworth Financial LP now owns 630 shares of the company’s stock valued at $30,000 after acquiring an additional 511 shares during the period. Robinswood Financial LLC acquired a new stake in shares of iShares USD Green Bond ETF in the first quarter valued at about $31,000. Integrated Wealth Concepts LLC purchased a new stake in iShares USD Green Bond ETF during the second quarter worth about $107,000. Continuum Advisory LLC purchased a new stake in iShares USD Green Bond ETF during the first quarter worth about $213,000. Finally, Morton Brown Family Wealth LLC grew its position in iShares USD Green Bond ETF by 31.6% during the first quarter. Morton Brown Family Wealth LLC now owns 4,877 shares of the company’s stock worth $232,000 after buying an additional 1,172 shares during the period.

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.