Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Declines By 48.7%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 837,443 shares, a decline of 48.7% from the November 30th total of 1,632,517 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average daily trading volume, of 1,107,726 shares, the short-interest ratio is presently 0.8 days. Based on an average daily trading volume, of 1,107,726 shares, the short-interest ratio is presently 0.8 days. Currently, 1.3% of the shares of the company are sold short.

iShares Fallen Angels USD Bond ETF Stock Down 0.0%

FALN traded down $0.01 during trading hours on Friday, hitting $27.30. The company’s stock had a trading volume of 273,676 shares, compared to its average volume of 960,678. The company has a 50-day simple moving average of $27.41 and a 200 day simple moving average of $27.29. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.82 and a fifty-two week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a dividend of $0.1466 per share. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date was Friday, December 19th.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

Several large investors have recently bought and sold shares of FALN. Bank of America Corp DE lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 14.7% in the 3rd quarter. Bank of America Corp DE now owns 6,877,280 shares of the company’s stock worth $191,051,000 after acquiring an additional 883,753 shares during the period. Municipal Employees Retirement System of Michigan acquired a new stake in iShares Fallen Angels USD Bond ETF in the second quarter worth approximately $94,354,000. State of Tennessee Department of Treasury boosted its stake in iShares Fallen Angels USD Bond ETF by 20.5% during the 2nd quarter. State of Tennessee Department of Treasury now owns 3,428,800 shares of the company’s stock valued at $93,058,000 after purchasing an additional 582,591 shares in the last quarter. Allworth Financial LP increased its position in shares of iShares Fallen Angels USD Bond ETF by 4.0% during the 3rd quarter. Allworth Financial LP now owns 1,332,768 shares of the company’s stock valued at $37,024,000 after purchasing an additional 51,119 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares Fallen Angels USD Bond ETF by 2,741.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,304,419 shares of the company’s stock worth $36,237,000 after buying an additional 1,258,507 shares in 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.