iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIGGet 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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. TIAA Trust National Association increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during the 4th quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock valued at $1,327,404,000 after buying an additional 1,002,085 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock worth $509,873,000 after acquiring an additional 1,735,043 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock worth $81,099,000 after acquiring an additional 14,073 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,449,857 shares of the company’s stock worth $75,059,000 after acquiring an additional 27,651 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the fourth quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock valued at $33,656,000 after acquiring an additional 112,916 shares in the last quarter.

About iShares Broad USD Investment Grade Corporate Bond ETF

(Get Free Report)

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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