iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 90,458 shares, a decline of 84.8% from the April 15th total of 594,041 shares. Based on an average daily volume of 719,413 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

Several hedge funds have recently modified their holdings of FALN. Global Retirement Partners LLC grew its position in iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth $30,000. CoreCap Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 72.4% during the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after buying an additional 495 shares during the last quarter. Golden State Wealth Management LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 94.2% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after acquiring an additional 693 shares during the period. Finally, Y.D. More Investments Ltd purchased a new position in iShares Fallen Angels USD Bond ETF in the 1st quarter worth $53,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN traded down $0.07 during midday trading on Tuesday, hitting $26.97. 1,020,644 shares of the company’s stock traded hands, compared to its average volume of 1,211,243. iShares Fallen Angels USD Bond ETF has a 1 year low of $26.25 and a 1 year high of $27.79. The firm’s fifty day moving average is $26.99 and its 200-day moving average is $27.29.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were paid a $0.1516 dividend. The ex-dividend date was Friday, May 1st.

About iShares Fallen Angels USD Bond ETF

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.