iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Decrease in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 691,661 shares, a decrease of 41.6% from the May 31st total of 1,184,578 shares. Based on an average daily volume of 1,724,767 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Garton & Associates Financial Advisors LLC acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $26,000. YANKCOM Partnership acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at $32,000. Creative Capital Management Investments LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth $34,000. Harbor Investment Advisory LLC boosted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% during the first quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after buying an additional 661 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at $52,000.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.2%

NASDAQ USIG opened at $51.09 on Friday. The stock has a 50-day simple moving average of $51.16 and a two-hundred day simple moving average of $51.53. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $50.48 and a fifty-two week high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be issued a dividend of $0.2016 per share. This represents a c) annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, July 1st.

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.