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

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 3,141,120 shares, a decline of 91.8% from the May 31st total of 38,415,571 shares. Based on an average daily trading volume, of 4,565,125 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the company’s stock are short sold.

iShares Core Total USD Bond Market ETF Trading Up 0.1%

Shares of iShares Core Total USD Bond Market ETF stock traded up $0.03 during trading hours on Thursday, reaching $46.26. 3,416,816 shares of the company’s stock were exchanged, compared to its average volume of 4,628,431. The stock has a market cap of $36.61 billion, a P/E ratio of 10.80 and a beta of 0.26. The company has a 50 day moving average of $46.08 and a two-hundred day moving average of $46.39. iShares Core Total USD Bond Market ETF has a fifty-two week low of $45.47 and a fifty-two week high of $47.23.

iShares Core Total USD Bond Market ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were issued a dividend of $0.1511 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, June 1st.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Howe & Rusling Inc. raised its stake in shares of iShares Core Total USD Bond Market ETF by 2.6% during the 4th quarter. Howe & Rusling Inc. now owns 8,329 shares of the company’s stock worth $388,000 after purchasing an additional 215 shares in the last quarter. Beacon Financial Group grew its stake in shares of iShares Core Total USD Bond Market ETF by 3.9% in the first quarter. Beacon Financial Group now owns 5,993 shares of the company’s stock valued at $277,000 after buying an additional 226 shares in the last quarter. Midwest Trust Co increased its holdings in iShares Core Total USD Bond Market ETF by 2.9% during the fourth quarter. Midwest Trust Co now owns 8,432 shares of the company’s stock worth $392,000 after buying an additional 236 shares during the last quarter. HORAN Wealth LLC increased its holdings in iShares Core Total USD Bond Market ETF by 5.2% during the fourth quarter. HORAN Wealth LLC now owns 5,882 shares of the company’s stock worth $274,000 after buying an additional 291 shares during the last quarter. Finally, FC Advisory LLC raised its position in iShares Core Total USD Bond Market ETF by 0.5% during the fourth quarter. FC Advisory LLC now owns 64,545 shares of the company’s stock worth $3,004,000 after acquiring an additional 292 shares in the last quarter.

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.