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

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

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.0%

iShares Broad USD Investment Grade Corporate Bond ETF stock traded up $0.01 during midday trading on Tuesday, hitting $48.84. 2,040,105 shares of the company’s stock were exchanged, compared to its average volume of 2,460,373. The firm has a 50-day moving average of $49.71 and a two-hundred day moving average of $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 business also recently disclosed a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were paid a dividend of $0.2062 per share. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041. The ex-dividend date was Thursday, October 1st. This represents a $2.47 dividend on an annualized basis and a dividend yield of 5.1%.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Institutional investors have recently modified their holdings of the company. Bessemer Group Inc. grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 1.1% in the first quarter. Bessemer Group Inc. now owns 28,127 shares of the company’s stock worth $1,441,000 after purchasing an additional 312 shares during the last quarter. Harbor Investment Advisory LLC increased 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 in the last quarter. Creative Capital Management Investments LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth $34,000. CoreCap Advisors LLC increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.9% during the second quarter. CoreCap Advisors LLC now owns 4,443 shares of the company’s stock worth $228,000 after purchasing an additional 675 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 1.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 46,046 shares of the company’s stock valued at $2,359,000 after purchasing an additional 824 shares during the last quarter.

About iShares Broad USD Investment Grade Corporate Bond ETF

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.