iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Large Decline in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 10,704 shares, a drop of 87.4% from the August 31st total of 84,906 shares. Based on an average trading volume of 37,282 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

iShares USD Green Bond ETF Stock Up 0.1%

NASDAQ BGRN traded up $0.03 during trading on Friday, reaching $45.88. 66,179 shares of the stock traded hands, compared to its average volume of 31,029. The stock’s 50-day moving average price is $46.70 and its 200 day moving average price is $47.16. iShares USD Green Bond ETF has a fifty-two week low of $45.77 and a fifty-two week high of $48.52.

iShares USD Green Bond ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were given a $0.1742 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from iShares USD Green Bond ETF’s previous monthly dividend of $0.1679.

Institutional Trading of iShares USD Green Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co bought a new position in iShares USD Green Bond ETF during the second quarter worth about $25,252,000. Bank of America Corp DE raised its position in shares of iShares USD Green Bond ETF by 21.4% during the first quarter. Bank of America Corp DE now owns 418,909 shares of the company’s stock worth $19,886,000 after purchasing an additional 73,909 shares during the period. Royal Bank of Canada raised its position in shares of iShares USD Green Bond ETF by 2.5% during the first quarter. Royal Bank of Canada now owns 256,841 shares of the company’s stock worth $12,193,000 after purchasing an additional 6,348 shares during the period. Impact Investors Inc raised its position in shares of iShares USD Green Bond ETF by 11.1% during the first quarter. Impact Investors Inc now owns 169,667 shares of the company’s stock worth $8,054,000 after purchasing an additional 16,888 shares during the period. Finally, Atomic Invest LLC lifted its holdings in shares of iShares USD Green Bond ETF by 2,991.3% during the 2nd quarter. Atomic Invest LLC now owns 133,296 shares of the company’s stock valued at $6,352,000 after purchasing an additional 128,984 shares in the last quarter.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.