iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 327.9% in April

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 1,080,000 shares, a growth of 327.9% from the March 31st total of 252,400 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 1,413,900 shares, the days-to-cover ratio is currently 0.8 days.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

Shares of FALN traded down $0.03 during trading hours on Monday, hitting $26.36. The company had a trading volume of 397,791 shares, compared to its average volume of 904,752. iShares Fallen Angels USD Bond ETF has a one year low of $24.82 and a one year high of $27.43. The company’s fifty day moving average price is $26.51 and its two-hundred day moving average price is $26.82.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a $0.1408 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Tuesday, April 1st.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Institutional investors have recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. raised its stake in iShares Fallen Angels USD Bond ETF by 70.8% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock worth $37,957,000 after acquiring an additional 589,100 shares during the last quarter. State of Tennessee Department of Treasury acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at about $15,590,000. Mather Group LLC. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 6.4% in the fourth quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock worth $255,528,000 after purchasing an additional 575,494 shares during the last quarter. Novem Group acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $13,107,000. Finally, Ameriprise Financial Inc. boosted its position in iShares Fallen Angels USD Bond ETF by 30.5% in the fourth quarter. Ameriprise Financial Inc. now owns 1,592,730 shares of the company’s stock valued at $42,540,000 after buying an additional 372,688 shares during the last quarter.

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.