iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sees Large Decrease in Short Interest

iShares Core Total USD Bond Market ETF (NASDAQ:IUSBGet Free Report) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 3,141,120 shares, a drop of 91.8% from the May 31st total of 38,415,571 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average trading volume of 4,565,125 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On iShares Core Total USD Bond Market ETF

A number of large investors have recently made changes to their positions in the company. Johnson Financial Group Inc. grew its position in iShares Core Total USD Bond Market ETF by 7,027.0% during the first quarter. Johnson Financial Group Inc. now owns 5,053,447 shares of the company’s stock valued at $233,419,000 after buying an additional 4,982,541 shares during the period. Align Financial LLC bought a new stake in shares of iShares Core Total USD Bond Market ETF during the 4th quarter valued at $132,644,000. Northwestern Mutual Wealth Management Co. grew its position in shares of iShares Core Total USD Bond Market ETF by 8.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,622,754 shares of the company’s stock valued at $1,332,103,000 after acquiring an additional 2,324,731 shares during the period. Symmetry Partners LLC purchased a new stake in shares of iShares Core Total USD Bond Market ETF in the 4th quarter worth $104,011,000. Finally, Mariner LLC increased its stake in shares of iShares Core Total USD Bond Market ETF by 15.1% in the 4th quarter. Mariner LLC now owns 16,120,286 shares of the company’s stock worth $750,239,000 after purchasing an additional 2,115,404 shares in the last quarter.

iShares Core Total USD Bond Market ETF Stock Up 0.1%

IUSB traded up $0.04 during midday trading on Friday, hitting $46.30. 3,439,145 shares of the company traded hands, compared to its average volume of 4,618,602. The company’s 50-day moving average is $46.08 and its 200 day moving average is $46.39. The firm has a market capitalization of $36.64 billion, a PE ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a 52 week low of $45.47 and a 52 week high of $47.23.

iShares Core Total USD Bond Market ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a $0.1511 dividend. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a yield of 3.9%.

iShares Core Total USD Bond Market ETF Company Profile

(Get Free Report)

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.

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