iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Significant Increase in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 815,838 shares, a growth of 41.5% from the November 30th total of 576,491 shares. Based on an average trading volume of 1,174,922 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold. Currently, 0.3% of the shares of the company are short sold. Based on an average trading volume of 1,174,922 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Farmers & Merchants Investments Inc. acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 2nd quarter worth $31,000. Thompson Investment Management Inc. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter worth about $38,000. CoreCap Advisors LLC increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% in the 3rd quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock valued at $39,000 after acquiring an additional 499 shares during the period. Trust Co. of Vermont raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% during the 3rd quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock valued at $46,000 after acquiring an additional 567 shares during the last quarter. Finally, SOA Wealth Advisors LLC. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at approximately $51,000.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

iShares Broad USD Investment Grade Corporate Bond ETF stock opened at $51.87 on Wednesday. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $49.10 and a fifty-two week high of $52.72. The stock has a 50-day simple moving average of $52.04 and a 200-day simple moving average of $51.77.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Stockholders of record on Friday, December 19th were issued a $0.2062 dividend. The ex-dividend date of this dividend was Friday, December 19th. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. This represents a c) annualized dividend and a dividend yield of 4.8%.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.