iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Up 41.5% in December

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 815,838 shares, an increase of 41.5% from the November 30th total of 576,491 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,174,922 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 1,174,922 shares, the short-interest ratio is presently 0.7 days. Currently, 0.3% of the shares of the stock are sold short.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of NASDAQ USIG opened at $51.91 on Monday. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.10 and a twelve month high of $52.72. The firm has a 50-day moving average of $52.06 and a two-hundred day moving average of $51.76.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were given a $0.2062 dividend. This represents a c) annualized dividend and a yield of 4.8%. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date was Friday, December 19th.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several large investors have recently modified their holdings of the stock. TIAA Trust National Association lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 6.1% during the third quarter. TIAA Trust National Association now owns 24,591,007 shares of the company’s stock valued at $1,284,142,000 after purchasing an additional 1,413,057 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% during the third quarter. Ameriprise Financial Inc. now owns 11,508,464 shares of the company’s stock valued at $579,811,000 after acquiring an additional 1,530,288 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% during the third quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock valued at $74,268,000 after acquiring an additional 45,662 shares during the period. Captrust Financial Advisors lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 5.4% in the 3rd quarter. Captrust Financial Advisors now owns 567,956 shares of the company’s stock valued at $29,659,000 after acquiring an additional 28,869 shares in the last quarter. Finally, Crestwood Advisors Group LLC boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 18.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 537,199 shares of the company’s stock worth $28,053,000 after purchasing an additional 81,924 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.