Short Interest in iShares USD Green Bond ETF (NASDAQ:BGRN) Drops By 18.8%

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 6,900 shares, a decline of 18.8% from the June 30th total of 8,500 shares. Based on an average daily volume of 21,100 shares, the short-interest ratio is currently 0.3 days.

iShares USD Green Bond ETF Price Performance

Shares of BGRN traded up $0.18 during midday trading on Friday, hitting $47.06. The company had a trading volume of 6,096 shares, compared to its average volume of 23,633. The company’s 50 day moving average price is $46.70 and its 200 day moving average price is $46.60. iShares USD Green Bond ETF has a 52 week low of $44.18 and a 52 week high of $47.36.

iShares USD Green Bond ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, July 5th. Stockholders of record on Monday, July 1st were given a $0.1523 dividend. This represents a $1.83 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Monday, July 1st.

Institutional Investors Weigh In On iShares USD Green Bond ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Walkner Condon Financial Advisors LLC increased its position in shares of iShares USD Green Bond ETF by 11.4% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 23,484 shares of the company’s stock worth $1,093,000 after purchasing an additional 2,408 shares during the last quarter. Tanager Wealth Management LLP increased its position in shares of iShares USD Green Bond ETF by 23.5% in the 2nd quarter. Tanager Wealth Management LLP now owns 13,084 shares of the company’s stock worth $609,000 after purchasing an additional 2,489 shares during the last quarter. Laurel Wealth Planning LLC grew its position in shares of iShares USD Green Bond ETF by 2.2% during the 2nd quarter. Laurel Wealth Planning LLC now owns 56,507 shares of the company’s stock valued at $2,630,000 after buying an additional 1,240 shares during the last quarter. Better Money Decisions LLC grew its position in shares of iShares USD Green Bond ETF by 4.5% during the 2nd quarter. Better Money Decisions LLC now owns 15,650 shares of the company’s stock valued at $728,000 after buying an additional 676 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its position in shares of iShares USD Green Bond ETF by 2.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 35,535 shares of the company’s stock valued at $1,654,000 after buying an additional 831 shares during the last quarter.

About iShares USD Green Bond ETF

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.