iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Significant Decline in Short Interest

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a significant decline in short interest in the month of December. As of December 31st, there was short interest totaling 111,844 shares, a decline of 86.6% from the December 15th total of 837,443 shares. Based on an average trading volume of 497,528 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 497,528 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of iShares Fallen Angels USD Bond ETF by 32.3% during the first quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock valued at $8,079,000 after buying an additional 73,579 shares during the period. NewEdge Advisors LLC boosted its position in iShares Fallen Angels USD Bond ETF by 13.3% during the 1st quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after acquiring an additional 1,728 shares in the last quarter. Jane Street Group LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 1st quarter valued at approximately $15,306,000. Integrity Alliance LLC. purchased a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $235,000. Finally, FOCUS Wealth Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 0.9% in the 2nd quarter. FOCUS Wealth Advisors LLC now owns 73,753 shares of the company’s stock worth $2,002,000 after acquiring an additional 646 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.1%

Shares of NASDAQ FALN traded up $0.03 during trading hours on Monday, hitting $27.54. The company’s stock had a trading volume of 2,154,350 shares, compared to its average volume of 908,836. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79. The business has a 50-day simple moving average of $27.37 and a 200-day simple moving average of $27.34.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were issued a dividend of $0.1466 per share. This is a boost 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.

About iShares Fallen Angels USD Bond ETF

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.