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 large growth in short interest in December. As of December 31st, there was short interest totaling 1,068,639 shares, a growth of 31.0% from the December 15th total of 815,838 shares. Based on an average daily volume of 1,257,180 shares, the days-to-cover ratio is presently 0.9 days. Approximately 0.4% of the shares of the company are short sold. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 1,257,180 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of USIG. Montecito Bank & Trust acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter valued at $774,000. Harbor Capital Advisors Inc. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1,153.2% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 2,707 shares of the company’s stock valued at $139,000 after buying an additional 2,491 shares during the last quarter. Fisher Asset Management LLC raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 57.9% during the 2nd quarter. Fisher Asset Management LLC now owns 34,845 shares of the company’s stock valued at $1,792,000 after buying an additional 12,783 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 126.2% in the 2nd quarter. Private Trust Co. NA now owns 4,821 shares of the company’s stock valued at $248,000 after buying an additional 2,690 shares during the period. Finally, TIAA Trust National Association boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 317.1% in the second quarter. TIAA Trust National Association now owns 23,177,950 shares of the company’s stock worth $1,189,420,000 after buying an additional 17,621,424 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of USIG traded down $0.11 during trading hours on Friday, reaching $51.90. 2,459,320 shares of the company traded hands, compared to its average volume of 3,114,775. The business has a fifty day moving average price of $51.94 and a 200-day moving average price of $51.85. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $49.10 and a 12-month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a dividend of $0.2062 per share. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date was Friday, December 19th. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

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.