iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Short Interest Up 142.5% in April

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC – Get Free Report) was the recipient of a significant growth in short interest in April. As of April 30th, there was short interest totaling 259,819 shares, a growth of 142.5% from the April 15th total of 107,152 shares. Based on an average daily volume of 178,715 shares, the short-interest ratio is currently 1.5 days. Approximately 0.4% of the company’s stock are short sold.

iShares ESG Aware USD Corporate Bond ETF Stock Performance

SUSC traded down $0.13 on Friday, reaching $22.93. 219,713 shares of the company traded hands, compared to its average volume of 251,545. The stock’s 50 day moving average price is $23.16 and its 200-day moving average price is $23.37. iShares ESG Aware USD Corporate Bond ETF has a 52-week low of $22.49 and a 52-week high of $23.85.

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iShares ESG Aware USD Corporate Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.0876 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.6%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUSC. PNC Financial Services Group Inc. grew its position in iShares ESG Aware USD Corporate Bond ETF by 14.0% in the first quarter. PNC Financial Services Group Inc. now owns 4,351 shares of the company’s stock worth $101,000 after acquiring an additional 533 shares in the last quarter. Wells Financial Advisors INC grew its position in iShares ESG Aware USD Corporate Bond ETF by 3.1% in the first quarter. Wells Financial Advisors INC now owns 23,045 shares of the company’s stock worth $533,000 after acquiring an additional 700 shares in the last quarter. Cornerstone Planning Group LLC grew its position in iShares ESG Aware USD Corporate Bond ETF by 7,563.9% in the first quarter. Cornerstone Planning Group LLC now owns 20,386 shares of the company’s stock worth $470,000 after acquiring an additional 20,120 shares in the last quarter. Bank of New York Mellon Corp grew its position in iShares ESG Aware USD Corporate Bond ETF by 23.1% in the first quarter. Bank of New York Mellon Corp now owns 433,360 shares of the company’s stock worth $10,027,000 after acquiring an additional 81,362 shares in the last quarter. Finally, GreatBanc Trust CO bought a new stake in iShares ESG Aware USD Corporate Bond ETF in the first quarter worth approximately $208,000.

About iShares ESG Aware USD Corporate Bond ETF

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The iShares ESG USD Corporate Bond ETF (SUSC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return characteristics of the Bloomberg US Corporate Index. SUSC was launched on Jul 11, 2017 and is managed by BlackRock.

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