iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,029,641 shares, a decrease of 34.0% from the April 15th total of 1,560,531 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average trading volume of 1,260,354 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of USIG. Garton & Associates Financial Advisors LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at $26,000. YANKCOM Partnership purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at $32,000. Creative Capital Management Investments LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter valued at $34,000. Harbor Investment Advisory LLC raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock valued at $35,000 after buying an additional 661 shares during the period. Finally, Strive Financial Group LLC purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at $52,000.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.4%

NASDAQ USIG opened at $50.56 on Wednesday. iShares Broad USD Investment Grade Corporate Bond ETF has a one year low of $49.89 and a one year high of $52.72. The stock has a 50 day moving average price of $51.23 and a 200-day moving average price of $51.72.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were given a dividend of $0.2042 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Friday, May 1st.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated, investment-grade corporate debt. USIG was launched on Jan 5, 2007 and is managed by BlackRock.