iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Free Report) was the recipient of a large increase in short interest in 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. Approximately 0.6% of the company’s stock are short sold. Based on an average trading volume of 1,838,148 shares, the days-to-cover ratio is currently 1.1 days.
iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance
Shares of USIG opened at $50.32 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $50.02 and a twelve month high of $52.72. The company has a 50 day moving average of $50.61 and a two-hundred day moving average of $51.12.
iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend
The firm also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were issued a dividend of $0.2064 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 4.9%. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.
Institutional Inflows and Outflows
About iShares Broad USD Investment Grade Corporate Bond ETF
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.
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