iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 62.2% in July

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large growth in short interest in July. As of July 15th, there was short interest totaling 1,172,679 shares, a growth of 62.2% from the June 30th total of 722,804 shares. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 646,136 shares, the short-interest ratio is currently 1.8 days.

iShares Fallen Angels USD Bond ETF Stock Down 0.1%

iShares Fallen Angels USD Bond ETF stock opened at $26.92 on Friday. iShares Fallen Angels USD Bond ETF has a 1 year low of $26.37 and a 1 year high of $27.79. The business has a 50 day moving average of $27.07 and a 200-day moving average of $27.14.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st were given a dividend of $0.141 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend was Wednesday, July 1st.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Large investors have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in iShares Fallen Angels USD Bond ETF by 32.3% in the 1st quarter. Royal Bank of Canada now owns 301,573 shares of the company’s stock valued at $8,079,000 after acquiring an additional 73,579 shares during the period. NewEdge Advisors LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 13.3% during the first quarter. NewEdge Advisors LLC now owns 14,703 shares of the company’s stock valued at $394,000 after buying an additional 1,728 shares during the period. JPMorgan Chase & Co. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 2.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 45,912 shares of the company’s stock valued at $1,246,000 after acquiring an additional 1,269 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth approximately $255,000. Finally, Diversify Wealth Management LLC grew its position in iShares Fallen Angels USD Bond ETF by 3.0% in the second quarter. Diversify Wealth Management LLC now owns 124,852 shares of the company’s stock worth $3,382,000 after acquiring an additional 3,603 shares in the last quarter.

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.