iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Decrease in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 691,661 shares, a decrease of 41.6% from the May 31st total of 1,184,578 shares. Based on an average daily volume of 1,724,767 shares, the short-interest ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several large investors have recently made changes to their positions in USIG. TIAA Trust National Association boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during the 4th quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock worth $1,327,404,000 after purchasing an additional 1,002,085 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% in the third quarter. Ameriprise Financial Inc. now owns 11,508,464 shares of the company’s stock worth $579,811,000 after buying an additional 1,530,288 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock worth $81,099,000 after buying an additional 14,073 shares in the last quarter. JPMorgan Chase & Co. boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 1.9% during the fourth quarter. JPMorgan Chase & Co. now owns 1,449,857 shares of the company’s stock worth $75,059,000 after acquiring an additional 27,651 shares during the last quarter. Finally, Crestwood Advisors Group LLC boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% during the fourth quarter. Crestwood Advisors Group LLC now owns 650,115 shares of the company’s stock worth $33,656,000 after acquiring an additional 112,916 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.5%

iShares Broad USD Investment Grade Corporate Bond ETF stock traded down $0.25 during midday trading on Wednesday, reaching $51.04. The company had a trading volume of 554,204 shares, compared to its average volume of 2,584,923. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $50.48 and a 12-month high of $52.72. The firm’s fifty day simple moving average is $51.18 and its 200-day simple moving average is $51.54.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.2074 dividend. This represents a c) annualized dividend and a dividend yield of 4.9%. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20. The ex-dividend date was Monday, June 1st.

About iShares Broad USD Investment Grade Corporate Bond ETF

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.