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 significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,949,917 shares, an increase of 190.7% from the July 30th total of 670,692 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 1,838,148 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several hedge funds have recently made changes to their positions in USIG. Garton & Associates Financial Advisors LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at $26,000. Creative Capital Management Investments LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 1st quarter worth about $34,000. Harbor Investment Advisory LLC raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% in the 1st quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock valued at $35,000 after acquiring an additional 661 shares during the period. Strive Financial Group LLC bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at about $52,000. Finally, Centennial Bank AR purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at about $66,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.0%

Shares of iShares Broad USD Investment Grade Corporate Bond ETF stock traded down $0.02 on Thursday, reaching $50.49. 2,382,363 shares of the company traded hands, compared to its average volume of 2,476,516. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $50.02 and a 52 week high of $52.72. The company has a 50 day moving average of $50.63 and a 200 day moving average of $51.13.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a $0.2064 dividend. The ex-dividend date was Monday, August 3rd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a yield of 4.9%.

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.