iShares ESG Aware 1-5 Year USD Corporate Bond ETF (NASDAQ:SUSB) Sees Significant Drop in Short Interest

iShares ESG Aware 1-5 Year USD Corporate Bond ETF (NASDAQ:SUSB) was the recipient of a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 104,300 shares, a drop of 28.2% from the October 31st total of 145,200 shares. Based on an average daily volume of 201,700 shares, the days-to-cover ratio is currently 0.5 days.

iShares ESG Aware 1-5 Year USD Corporate Bond ETF Stock Performance

SUSB traded up $0.06 during trading hours on Friday, hitting $24.92. 29,951 shares of the stock were exchanged, compared to its average volume of 136,610. The stock has a 50-day simple moving average of $24.91 and a 200-day simple moving average of $24.77. iShares ESG Aware 1-5 Year USD Corporate Bond ETF has a 12 month low of $24.11 and a 12 month high of $25.20.

iShares ESG Aware 1-5 Year USD Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.085 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from iShares ESG Aware 1-5 Year USD Corporate Bond ETF’s previous monthly dividend of $0.08. This represents a $1.02 annualized dividend and a yield of 4.09%.

Hedge Funds Weigh In On iShares ESG Aware 1-5 Year USD Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its stake in iShares ESG Aware 1-5 Year USD Corporate Bond ETF by 167.2% in the third quarter. Farther Finance Advisors LLC now owns 1,761 shares of the company’s stock valued at $44,000 after buying an additional 1,102 shares during the last quarter. UMB Bank n.a. lifted its stake in iShares ESG Aware 1-5 Year USD Corporate Bond ETF by 67.0% in the second quarter. UMB Bank n.a. now owns 46,395 shares of the company’s stock valued at $1,136,000 after buying an additional 18,614 shares during the last quarter. First Command Advisory Services Inc. bought a new stake in iShares ESG Aware 1-5 Year USD Corporate Bond ETF in the second quarter valued at $28,000. Hills Bank & Trust Co bought a new stake in iShares ESG Aware 1-5 Year USD Corporate Bond ETF in the second quarter valued at $102,000. Finally, Front Row Advisors LLC lifted its stake in iShares ESG Aware 1-5 Year USD Corporate Bond ETF by 34.5% in the second quarter. Front Row Advisors LLC now owns 4,440 shares of the company’s stock valued at $109,000 after buying an additional 1,140 shares during the last quarter.

About iShares ESG Aware 1-5 Year USD Corporate Bond ETF

The iShares ESG 1-5 Year USD Corporate Bond ETF (SUSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, short-term corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return of the Bloomberg US Corporate 1-5 years Index.