iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) was the target of a large growth in short interest in June. As of June 30th, there was short interest totaling 722,804 shares, a growth of 1,917.5% from the June 15th total of 35,827 shares. Based on an average daily trading volume, of 725,256 shares, the days-to-cover ratio is presently 1.0 days. Currently, 1.2% of the company’s stock are sold short.
iShares Fallen Angels USD Bond ETF Stock Performance
Shares of FALN stock traded down $0.04 on Friday, hitting $27.08. The stock had a trading volume of 251,925 shares, compared to its average volume of 1,167,010. The business has a 50 day moving average price of $27.07 and a 200 day moving average price of $27.18. iShares Fallen Angels USD Bond ETF has a one year low of $26.37 and a one year high of $27.79.
iShares Fallen Angels USD Bond ETF Cuts Dividend
The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were issued a $0.141 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.3%.
Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF
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.
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