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 drop in short interest during the month of July. As of July 15th, there was short interest totalling 96,100 shares, a drop of 34.9% from the June 30th total of 147,700 shares. Based on an average daily trading volume, of 602,400 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

A number of large investors have recently made changes to their positions in the company. Raymond James & Associates boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 11.4% in the fourth quarter. Raymond James & Associates now owns 26,326 shares of the company’s stock worth $695,000 after buying an additional 2,703 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 126.5% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 229,370 shares of the company’s stock worth $6,055,000 after acquiring an additional 128,094 shares during the last quarter. IFG Advisory LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 55.5% during the 4th quarter. IFG Advisory LLC now owns 17,326 shares of the company’s stock valued at $457,000 after acquiring an additional 6,183 shares during the period. Symphony Financial Ltd. Co. purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth $571,000. Finally, Manning & Napier Group LLC bought a new position in iShares Fallen Angels USD Bond ETF in the 4th quarter worth $1,992,000.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of FALN traded up $0.03 during trading hours on Monday, hitting $26.66. The stock had a trading volume of 508,063 shares, compared to its average volume of 709,151. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $26.92. The stock has a fifty day moving average price of $26.42 and a 200 day moving average price of $26.48.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, July 5th. Shareholders of record on Monday, July 1st were given a $0.1379 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.65 annualized dividend and a yield of 6.21%.

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.