Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Increases By 106.5%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 1,010,000 shares, a growth of 106.5% from the January 15th total of 489,000 shares. Based on an average daily volume of 868,900 shares, the days-to-cover ratio is currently 1.2 days.

iShares Fallen Angels USD Bond ETF Trading Up 0.1 %

Shares of iShares Fallen Angels USD Bond ETF stock opened at $27.02 on Friday. The business’s 50-day moving average price is $26.92 and its 200-day moving average price is $27.01. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a dividend of $0.1433 per share. The ex-dividend date was Monday, February 3rd. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Glass Jacobson Investment Advisors llc boosted its position in shares of iShares Fallen Angels USD Bond ETF by 62.9% in the 4th quarter. Glass Jacobson Investment Advisors llc now owns 1,855 shares of the company’s stock worth $50,000 after purchasing an additional 716 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth $55,000. Oak Grove Capital LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth $200,000. Outlook Wealth Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth $203,000. Finally, Cornerstone Wealth Management LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth $204,000.

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.