iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Significant Growth in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 43,221 shares, an increase of 50.2% from the December 15th total of 28,785 shares. Based on an average daily volume of 24,378 shares, the short-interest ratio is currently 1.8 days. Currently, 0.5% of the shares of the stock are sold short. Currently, 0.5% of the shares of the stock are sold short. Based on an average daily volume of 24,378 shares, the short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On iShares USD Green Bond ETF

A number of hedge funds have recently modified their holdings of the business. Lodestone Wealth Management LLC purchased a new stake in shares of iShares USD Green Bond ETF during the 4th quarter valued at approximately $31,000. Financial Connections Group Inc. purchased a new stake in iShares USD Green Bond ETF in the second quarter valued at $49,000. Signature Resources Capital Management LLC raised its position in iShares USD Green Bond ETF by 1,358.9% in the third quarter. Signature Resources Capital Management LLC now owns 1,065 shares of the company’s stock valued at $51,000 after purchasing an additional 992 shares during the period. WFA of San Diego LLC acquired a new position in shares of iShares USD Green Bond ETF in the 2nd quarter valued at $64,000. Finally, Advisory Services Network LLC acquired a new position in shares of iShares USD Green Bond ETF in the 3rd quarter valued at $85,000.

iShares USD Green Bond ETF Trading Down 0.0%

BGRN stock opened at $48.06 on Friday. iShares USD Green Bond ETF has a 12-month low of $46.15 and a 12-month high of $48.52. The business’s 50-day moving average is $48.02 and its 200 day moving average is $47.92.

iShares USD Green Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.1698 dividend. The ex-dividend date of this dividend was Friday, December 19th. This represents a c) annualized dividend and a yield of 4.2%. This is an increase from iShares USD Green Bond ETF’s previous monthly dividend of $0.17.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.