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

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 471,200 shares, a growth of 116.8% from the March 31st total of 217,300 shares. Based on an average daily volume of 789,000 shares, the days-to-cover ratio is currently 0.6 days.

iShares Fallen Angels USD Bond ETF Stock Up 0.2 %

Shares of iShares Fallen Angels USD Bond ETF stock traded up $0.06 during trading on Friday, reaching $26.23. The company’s stock had a trading volume of 525,150 shares, compared to its average volume of 779,859. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.12 and a 1-year high of $26.92. The company has a 50-day simple moving average of $26.51 and a two-hundred day simple moving average of $26.07.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a $0.1692 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.74%.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of institutional investors have recently made changes to their positions in FALN. Caliber Wealth Management LLC lifted its position in iShares Fallen Angels USD Bond ETF by 129.5% during the 1st quarter. Caliber Wealth Management LLC now owns 148,506 shares of the company’s stock worth $3,989,000 after acquiring an additional 83,795 shares during the period. Glassy Mountain Advisors Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 5.4% during the 1st quarter. Glassy Mountain Advisors Inc. now owns 104,837 shares of the company’s stock worth $2,816,000 after acquiring an additional 5,384 shares during the period. TriaGen Wealth Management LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $666,000. Wealth Advisory Solutions LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter worth about $1,307,000. Finally, Strategic Blueprint LLC lifted its position in iShares Fallen Angels USD Bond ETF by 13.4% during the 1st quarter. Strategic Blueprint LLC now owns 11,307 shares of the company’s stock worth $304,000 after acquiring an additional 1,336 shares during the period.

iShares Fallen Angels USD Bond ETF Company Profile

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.