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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 460,500 shares, a decline of 18.9% from the January 31st total of 568,100 shares. Based on an average trading volume of 1,015,600 shares, the days-to-cover ratio is presently 0.5 days.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.2 %

Shares of USIG traded down $0.11 during mid-day trading on Wednesday, reaching $51.12. The stock had a trading volume of 670,854 shares, compared to its average volume of 1,123,871. iShares Broad USD Investment Grade Corporate Bond ETF has a 52-week low of $49.08 and a 52-week high of $52.94. The business’s fifty day moving average is $50.50 and its 200 day moving average is $51.24.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd will be paid a $0.196 dividend. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend is Monday, March 3rd.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 23.1% in the third quarter. JPMorgan Chase & Co. now owns 1,172,235 shares of the company’s stock worth $61,636,000 after acquiring an additional 219,971 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% during the 4th quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $31,000 after purchasing an additional 208 shares during the period. Captrust Financial Advisors grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 5.9% during the 3rd quarter. Captrust Financial Advisors now owns 4,243 shares of the company’s stock worth $223,000 after purchasing an additional 235 shares during the period. Financial Avengers Inc. increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.5% during the 3rd quarter. Financial Avengers Inc. now owns 19,716 shares of the company’s stock worth $1,037,000 after purchasing an additional 2,938 shares during the last quarter. Finally, Compass Financial Group Inc. raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 4.2% in the 3rd quarter. Compass Financial Group Inc. now owns 44,117 shares of the company’s stock valued at $2,320,000 after buying an additional 1,765 shares during the period.

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.