Short Interest in iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Drops By 37.8%

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) was the target of a large drop in short interest in November. As of November 15th, there was short interest totalling 39,300 shares, a drop of 37.8% from the October 31st total of 63,200 shares. Based on an average daily volume of 201,600 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Comerica Bank raised its position in iShares ESG Aware USD Corporate Bond ETF by 31.1% in the 1st quarter. Comerica Bank now owns 10,410 shares of the company’s stock worth $239,000 after buying an additional 2,467 shares during the last quarter. Janney Montgomery Scott LLC lifted its position in iShares ESG Aware USD Corporate Bond ETF by 0.6% during the third quarter. Janney Montgomery Scott LLC now owns 111,231 shares of the company’s stock valued at $2,646,000 after purchasing an additional 652 shares during the period. Transcend Capital Advisors LLC boosted its holdings in iShares ESG Aware USD Corporate Bond ETF by 4.3% in the second quarter. Transcend Capital Advisors LLC now owns 13,634 shares of the company’s stock worth $310,000 after purchasing an additional 556 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its position in iShares ESG Aware USD Corporate Bond ETF by 24.3% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 218,223 shares of the company’s stock worth $4,958,000 after purchasing an additional 42,727 shares during the period. Finally, ORG Partners LLC purchased a new stake in iShares ESG Aware USD Corporate Bond ETF during the 2nd quarter valued at $53,000.

iShares ESG Aware USD Corporate Bond ETF Trading Up 0.3 %

Shares of NASDAQ SUSC traded up $0.06 during midday trading on Thursday, hitting $23.24. The stock had a trading volume of 128,948 shares, compared to its average volume of 252,827. The business’s 50 day moving average is $23.33 and its 200-day moving average is $23.17. iShares ESG Aware USD Corporate Bond ETF has a 52 week low of $22.18 and a 52 week high of $23.97.

iShares ESG Aware USD Corporate Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Friday, November 1st were issued a $0.0829 dividend. This is a positive change from iShares ESG Aware USD Corporate Bond ETF’s previous monthly dividend of $0.08. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.28%.

iShares ESG Aware USD Corporate Bond ETF Company Profile

The iShares ESG USD Corporate Bond ETF (SUSC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return characteristics of the Bloomberg US Corporate Index.