iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Short Interest Down 40.0% in May

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,993,656 shares, a decline of 40.0% from the April 30th total of 4,990,929 shares. Based on an average daily volume of 2,926,810 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are short sold.

iShares Core Total USD Bond Market ETF Trading Down 0.3%

NASDAQ IUSB opened at $46.03 on Tuesday. The firm’s fifty day simple moving average is $46.13 and its two-hundred day simple moving average is $46.49. iShares Core Total USD Bond Market ETF has a 12-month low of $45.33 and a 12-month high of $47.23. The firm has a market capitalization of $36.42 billion, a P/E ratio of 10.80 and a beta of 0.27.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be issued a $0.1511 dividend. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Monday, June 1st.

Hedge Funds Weigh In On iShares Core Total USD Bond Market ETF

Several institutional investors and hedge funds have recently bought and sold shares of IUSB. Diversify Advisory Services LLC lifted its stake in shares of iShares Core Total USD Bond Market ETF by 11.3% during the third quarter. Diversify Advisory Services LLC now owns 159,983 shares of the company’s stock worth $7,458,000 after buying an additional 16,301 shares during the period. Firestone Capital Management lifted its stake in shares of iShares Core Total USD Bond Market ETF by 3.2% during the third quarter. Firestone Capital Management now owns 354,435 shares of the company’s stock worth $16,556,000 after buying an additional 10,921 shares during the period. Advyzon Investment Management LLC lifted its stake in shares of iShares Core Total USD Bond Market ETF by 58.0% during the third quarter. Advyzon Investment Management LLC now owns 30,379 shares of the company’s stock worth $1,419,000 after buying an additional 11,147 shares during the period. Ausdal Financial Partners Inc. lifted its stake in shares of iShares Core Total USD Bond Market ETF by 169.5% during the third quarter. Ausdal Financial Partners Inc. now owns 40,553 shares of the company’s stock worth $1,894,000 after buying an additional 25,504 shares during the period. Finally, Royal Fund Management LLC lifted its stake in shares of iShares Core Total USD Bond Market ETF by 186.5% during the fourth quarter. Royal Fund Management LLC now owns 162,128 shares of the company’s stock worth $7,546,000 after buying an additional 105,546 shares during the period.

iShares Core Total USD Bond Market ETF Company Profile

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.