iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,723,143 shares, an increase of 62.2% from the January 29th total of 1,062,287 shares. Based on an average daily trading volume, of 2,127,918 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.5% of the company’s stock are short sold. Currently, 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 2,127,918 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of USIG. Strive Financial Group LLC bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth about $52,000. Virtue Capital Management LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $3,405,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $26,000. Centennial Bank AR bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $66,000. Finally, Captrust Financial Advisors boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.1% in the 4th quarter. Captrust Financial Advisors now owns 580,139 shares of the company’s stock valued at $30,034,000 after buying an additional 12,183 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ USIG opened at $52.37 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $49.10 and a 52 week high of $52.72. The stock’s 50 day moving average price is $51.99 and its two-hundred day moving average price is $52.02.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.194 dividend. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, February 2nd.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.