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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 1,068,639 shares, a growth of 31.0% from the December 15th total of 815,838 shares. Based on an average daily volume of 1,257,180 shares, the short-interest ratio is currently 0.9 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily volume of 1,257,180 shares, the short-interest ratio is currently 0.9 days.

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

Institutional investors have recently modified their holdings of the stock. TIAA Trust National Association boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 317.1% in the 2nd quarter. TIAA Trust National Association now owns 23,177,950 shares of the company’s stock worth $1,189,420,000 after purchasing an additional 17,621,424 shares during the period. Ameriprise Financial Inc. lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock worth $509,873,000 after buying an additional 1,735,043 shares during the last quarter. Crestwood Advisors Group LLC boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 18.0% during the third quarter. Crestwood Advisors Group LLC now owns 537,199 shares of the company’s stock worth $28,053,000 after buying an additional 81,924 shares during the period. ST Germain D J Co. Inc. grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 13.6% during the 2nd quarter. ST Germain D J Co. Inc. now owns 385,500 shares of the company’s stock valued at $19,830,000 after purchasing an additional 46,191 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% in the third quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock worth $74,268,000 after buying an additional 45,662 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG stock traded down $0.11 during trading on Friday, hitting $51.90. 2,459,320 shares of the company’s stock traded hands, compared to its average volume of 3,114,775. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $49.10 and a 52 week high of $52.72. The business has a fifty day simple moving average of $51.94 and a 200 day simple moving average of $51.85.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

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

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.