iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 323.3% in September

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 1,060,000 shares, an increase of 323.3% from the September 15th total of 250,400 shares. Based on an average daily trading volume, of 653,700 shares, the short-interest ratio is currently 1.6 days. Based on an average daily trading volume, of 653,700 shares, the short-interest ratio is currently 1.6 days.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Perigon Wealth Management LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 13.4% during the third quarter. Perigon Wealth Management LLC now owns 84,830 shares of the company’s stock worth $2,357,000 after buying an additional 10,004 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at about $206,000. World Investment Advisors raised its position in shares of iShares Fallen Angels USD Bond ETF by 25.5% in the third quarter. World Investment Advisors now owns 269,092 shares of the company’s stock valued at $7,475,000 after purchasing an additional 54,688 shares during the period. Brookstone Capital Management raised its position in shares of iShares Fallen Angels USD Bond ETF by 4.9% in the third quarter. Brookstone Capital Management now owns 27,999 shares of the company’s stock valued at $778,000 after purchasing an additional 1,299 shares during the period. Finally, Vontobel Holding Ltd. raised its position in shares of iShares Fallen Angels USD Bond ETF by 20.0% in the third quarter. Vontobel Holding Ltd. now owns 12,000 shares of the company’s stock valued at $333,000 after purchasing an additional 2,000 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN opened at $27.51 on Monday. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.82 and a 1-year high of $27.79. The company’s fifty day simple moving average is $27.45 and its 200 day simple moving average is $26.87.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, October 6th. Investors of record on Wednesday, October 1st were issued a dividend of $0.1435 per share. The ex-dividend date was Wednesday, October 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 6.3%.

iShares Fallen Angels USD Bond ETF Company Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.