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

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the target of a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 1,482,195 shares, a decline of 71.5% from the August 31st total of 5,197,294 shares. Based on an average daily trading volume, of 4,540,911 shares, the short-interest ratio is presently 0.3 days. Currently, 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IUSB. JNBA Financial Advisors purchased a new stake in iShares Core Total USD Bond Market ETF in the second quarter valued at approximately $32,000. Hurley Capital LLC acquired a new stake in iShares Core Total USD Bond Market ETF during the 4th quarter valued at approximately $33,000. Advocate Investing Services LLC purchased a new stake in shares of iShares Core Total USD Bond Market ETF in the 1st quarter valued at $42,000. Financial Freedom LLC acquired a new stake in shares of iShares Core Total USD Bond Market ETF in the first quarter worth $45,000. Finally, Oakworth Capital Inc. purchased a new position in shares of iShares Core Total USD Bond Market ETF during the second quarter worth $54,000.

iShares Core Total USD Bond Market ETF Price Performance

Shares of IUSB opened at $44.40 on Friday. The firm has a market capitalization of $43.57 billion, a PE ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a 1-year low of $44.22 and a 1-year high of $47.23. The company’s fifty day moving average price is $45.28 and its 200-day moving average price is $45.81.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were given a dividend of $0.1680 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This is a decrease from iShares Core Total USD Bond Market ETF’s previous dividend of $0.1686.

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.