iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Stock Short Interest Drops 54.5%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Free Report) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totaling 741,019 shares, a decline of 54.5% from the September 15th total of 1,629,949 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,180,948 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Capital Management Investments LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 1st quarter valued at $34,000. Harbor Investment Advisory LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% during the first quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after purchasing an additional 661 shares during the last quarter. Centennial Bank AR bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $66,000. Continuum Advisory LLC bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth $80,000. Finally, Compass Financial Management LLC bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth $144,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG stock traded up $0.01 during midday trading on Tuesday, hitting $48.84. The company’s stock had a trading volume of 2,040,105 shares, compared to its average volume of 2,460,373. The firm’s 50-day moving average is $49.71 and its 200-day moving average is $50.58. iShares Broad USD Investment Grade Corporate Bond ETF has a 12 month low of $48.30 and a 12 month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were issued a $0.2062 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041. This represents a $2.47 annualized dividend and a dividend yield of 5.1%.

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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