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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a large drop in short interest in the month of January. As of January 30th, there was short interest totaling 1,062,287 shares, a drop of 21.0% from the January 15th total of 1,344,624 shares. Based on an average daily volume of 2,005,995 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.3% of the shares of the stock are sold short. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 2,005,995 shares, the days-to-cover ratio is presently 0.5 days.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG stock opened at $52.30 on Monday. The firm has a 50 day moving average of $51.90 and a 200-day moving average of $51.97. iShares Broad USD Investment Grade Corporate Bond ETF has a 12 month low of $49.10 and a 12 month high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a dividend of $0.194 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the business. Montecito Bank & Trust purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 3rd quarter valued at $774,000. Fisher Asset Management LLC grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 57.9% in the second quarter. Fisher Asset Management LLC now owns 34,845 shares of the company’s stock worth $1,792,000 after acquiring an additional 12,783 shares in the last quarter. Cahill Financial Advisors Inc. bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter valued at $536,000. Private Trust Co. NA increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 126.2% in the second quarter. Private Trust Co. NA now owns 4,821 shares of the company’s stock valued at $248,000 after acquiring an additional 2,690 shares during the last quarter. Finally, TIAA Trust National Association raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 317.1% during the second quarter. TIAA Trust National Association now owns 23,177,950 shares of the company’s stock valued at $1,189,420,000 after purchasing an additional 17,621,424 shares in the last quarter.

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.