iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Significant Drop in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 10,704 shares, a decrease of 87.4% from the August 31st total of 84,906 shares. Based on an average daily trading volume, of 37,282 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares USD Green Bond ETF by 7.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 24,576 shares of the company’s stock worth $1,167,000 after purchasing an additional 1,702 shares during the last quarter. Envestnet Asset Management Inc. raised its position in iShares USD Green Bond ETF by 5.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 119,432 shares of the company’s stock worth $5,670,000 after buying an additional 6,669 shares during the last quarter. Integrated Wealth Concepts LLC purchased a new position in iShares USD Green Bond ETF during the 2nd quarter worth $107,000. NewEdge Advisors LLC lifted its stake in shares of iShares USD Green Bond ETF by 50.2% in the 2nd quarter. NewEdge Advisors LLC now owns 22,305 shares of the company’s stock worth $1,059,000 after acquiring an additional 7,456 shares during the period. Finally, SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in shares of iShares USD Green Bond ETF in the 2nd quarter worth $25,252,000.

iShares USD Green Bond ETF Price Performance

NASDAQ BGRN opened at $45.85 on Friday. iShares USD Green Bond ETF has a 52-week low of $45.84 and a 52-week high of $48.52. The business’s 50-day moving average price is $46.72 and its 200 day moving average price is $47.17.

iShares USD Green Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.1742 per share. This represents a $2.09 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares USD Green Bond ETF’s previous monthly dividend of $0.1679.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.