iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Stock Short Interest Declines 71.5%

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB – Get Free Report) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 1,482,195 shares, a drop of 71.5% from the August 31st total of 5,197,294 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 4,540,911 shares, the days-to-cover ratio is currently 0.3 days.

iShares Core Total USD Bond Market ETF Stock Up 0.2%

IUSB stock traded up $0.08 during mid-day trading on Friday, reaching $44.40. 7,013,912 shares of the stock traded hands, compared to its average volume of 5,011,974. The business has a 50-day moving average of $45.28 and a two-hundred day moving average of $45.81. iShares Core Total USD Bond Market ETF has a 52 week low of $44.22 and a 52 week high of $47.23. The firm has a market capitalization of $46.50 billion, a PE ratio of 10.80 and a beta of 0.26.

iShares Core Total USD Bond Market ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.1680 per share. The ex-dividend date was Tuesday, September 1st. This is a decrease from iShares Core Total USD Bond Market ETF’s previous dividend of $0.1686.

Institutional Trading of iShares Core Total USD Bond Market ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its holdings in shares of iShares Core Total USD Bond Market ETF by 35.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 180,016,371 shares of the company’s stock worth $8,307,768,000 after purchasing an additional 46,935,169 shares in the last quarter. Cahill Financial Advisors Inc. raised its stake in shares of iShares Core Total USD Bond Market ETF by 3.2% in the second quarter. Cahill Financial Advisors Inc. now owns 23,564 shares of the company’s stock valued at $1,088,000 after purchasing an additional 737 shares in the last quarter. Capital Analysts LLC raised its stake in shares of iShares Core Total USD Bond Market ETF by 54.7% in the second quarter. Capital Analysts LLC now owns 715,985 shares of the company’s stock valued at $33,043,000 after purchasing an additional 253,113 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in iShares Core Total USD Bond Market ETF by 13.1% in the second quarter. Integrated Wealth Concepts LLC now owns 1,479,358 shares of the company’s stock worth $68,289,000 after purchasing an additional 171,542 shares during the period. Finally, RFG Advisory LLC lifted its position in iShares Core Total USD Bond Market ETF by 7.1% in the second quarter. RFG Advisory LLC now owns 119,805 shares of the company’s stock worth $5,529,000 after purchasing an additional 7,937 shares during the period.

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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