iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 722,804 shares, an increase of 1,917.5% from the June 15th total of 35,827 shares. Approximately 1.2% of the shares of the company are short sold. Based on an average trading volume of 725,256 shares, the short-interest ratio is currently 1.0 days.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

A number of large investors have recently added to or reduced their stakes in the company. Capital Wealth Management LLC raised its position in iShares Fallen Angels USD Bond ETF by 9.3% in the 2nd quarter. Capital Wealth Management LLC now owns 266,540 shares of the company’s stock worth $7,261,000 after purchasing an additional 22,743 shares during the period. HF Advisory Group LLC lifted its stake in iShares Fallen Angels USD Bond ETF by 9.4% in the second quarter. HF Advisory Group LLC now owns 294,108 shares of the company’s stock worth $8,012,000 after purchasing an additional 25,308 shares during the last quarter. Client First Investment Management LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the second quarter valued at about $3,790,000. Breakwater Capital Group boosted its position in iShares Fallen Angels USD Bond ETF by 7.3% during the second quarter. Breakwater Capital Group now owns 385,762 shares of the company’s stock valued at $10,508,000 after buying an additional 26,127 shares during the period. Finally, Beacon Financial Strategies CORP bought a new position in shares of iShares Fallen Angels USD Bond ETF during the second quarter valued at about $50,000.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock traded down $0.04 during trading hours on Friday, reaching $27.08. The stock had a trading volume of 251,925 shares, compared to its average volume of 1,167,010. The stock’s fifty day simple moving average is $27.07 and its 200 day simple moving average is $27.18. iShares Fallen Angels USD Bond ETF has a 12 month low of $26.37 and a 12 month high of $27.79.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.141 per share. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.3%.

About iShares Fallen Angels USD Bond ETF

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.