iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sees Significant Drop in Short Interest

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,380,000 shares, a decline of 76.0% from the February 28th total of 5,760,000 shares. Based on an average daily trading volume, of 2,995,400 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Institutional Investors Weigh In On iShares Core Total USD Bond Market ETF

A number of institutional investors and hedge funds have recently bought and sold shares of IUSB. Charles Schwab Investment Management Inc. boosted its position in iShares Core Total USD Bond Market ETF by 39.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 9,548 shares of the company’s stock valued at $450,000 after buying an additional 2,682 shares during the period. Keystone Financial Group Inc. bought a new position in iShares Core Total USD Bond Market ETF during the 4th quarter worth about $66,000. World Equity Group Inc. raised its holdings in shares of iShares Core Total USD Bond Market ETF by 20.2% in the fourth quarter. World Equity Group Inc. now owns 35,464 shares of the company’s stock worth $1,603,000 after buying an additional 5,968 shares during the last quarter. Howard Capital Management Inc. raised its position in iShares Core Total USD Bond Market ETF by 21.4% during the fourth quarter. Howard Capital Management Inc. now owns 59,372 shares of the company’s stock valued at $2,684,000 after acquiring an additional 10,448 shares in the last quarter. Finally, Beaird Harris Wealth Management LLC boosted its stake in shares of iShares Core Total USD Bond Market ETF by 168.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 942 shares of the company’s stock worth $44,000 after acquiring an additional 591 shares during the last quarter.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of NASDAQ:IUSB traded up $0.24 during midday trading on Friday, reaching $45.98. 2,752,836 shares of the company’s stock were exchanged, compared to its average volume of 3,011,266. The company’s 50 day simple moving average is $45.66 and its two-hundred day simple moving average is $45.89. iShares Core Total USD Bond Market ETF has a 12 month low of $44.21 and a 12 month high of $47.44. The firm has a market capitalization of $32.71 billion, a PE ratio of 10.90 and a beta of 0.15.

iShares Core Total USD Bond Market ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1553 per share. The ex-dividend date was Monday, March 3rd. This is a positive change from iShares Core Total USD Bond Market ETF’s previous dividend of $0.15.

About iShares Core Total USD Bond Market ETF

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.