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 drop in short interest in the month of March. As of March 15th, there was short interest totalling 635,800 shares, a drop of 51.1% from the February 28th total of 1,300,000 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average daily volume of 916,200 shares, the short-interest ratio is currently 0.7 days.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN traded down $0.04 during trading on Friday, reaching $26.78. 688,068 shares of the company’s stock were exchanged, compared to its average volume of 754,257. The business has a 50 day moving average price of $26.98 and a 200-day moving average price of $27.02. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1372 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Mather Group LLC. grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 6.4% during the 4th quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock valued at $255,528,000 after purchasing an additional 575,494 shares during the last quarter. LPL Financial LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 3.3% during the fourth quarter. LPL Financial LLC now owns 1,984,243 shares of the company’s stock valued at $52,999,000 after purchasing an additional 63,287 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 30.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,592,730 shares of the company’s stock worth $42,540,000 after purchasing an additional 372,688 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 70.8% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock valued at $37,957,000 after purchasing an additional 589,100 shares in the last quarter. Finally, Allworth Financial LP boosted its holdings in iShares Fallen Angels USD Bond ETF by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,206,488 shares of the company’s stock worth $32,563,000 after purchasing an additional 77,996 shares during the last quarter.

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.