Short Interest in iShares USD Green Bond ETF (NASDAQ:BGRN) Grows By 200.0%

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a large increase in short interest in January. As of January 15th, there was short interest totalling 28,500 shares, an increase of 200.0% from the December 31st total of 9,500 shares. Based on an average daily trading volume, of 23,300 shares, the days-to-cover ratio is currently 1.2 days.

iShares USD Green Bond ETF Trading Up 0.1 %

BGRN traded up $0.06 during trading on Thursday, reaching $46.92. 17,358 shares of the company traded hands, compared to its average volume of 22,145. The firm has a fifty day simple moving average of $46.89 and a 200 day simple moving average of $47.37. iShares USD Green Bond ETF has a 12-month low of $45.73 and a 12-month high of $48.54.

iShares USD Green Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were paid a dividend of $0.1676 per share. The ex-dividend date was Wednesday, December 18th. This is a positive change from iShares USD Green Bond ETF’s previous monthly dividend of $0.16. This represents a $2.01 dividend on an annualized basis and a yield of 4.29%.

Institutional Investors Weigh In On iShares USD Green Bond ETF

Large investors have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of iShares USD Green Bond ETF by 93.2% in the 3rd quarter. Allworth Financial LP now owns 655 shares of the company’s stock worth $32,000 after purchasing an additional 316 shares during the period. Richardson Financial Services Inc. grew its stake in iShares USD Green Bond ETF by 102.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,548 shares of the company’s stock worth $73,000 after acquiring an additional 785 shares in the last quarter. Trust Co. of Vermont bought a new stake in iShares USD Green Bond ETF during the 4th quarter valued at $78,000. Sachetta LLC lifted its holdings in shares of iShares USD Green Bond ETF by 19.4% in the 4th quarter. Sachetta LLC now owns 2,370 shares of the company’s stock worth $110,000 after buying an additional 385 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in iShares USD Green Bond ETF in the second quarter worth about $207,000.

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.