Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Declines By 84.1%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large drop in short interest in February. As of February 13th, there was short interest totaling 184,101 shares, a drop of 84.1% from the January 29th total of 1,154,673 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average trading volume of 908,730 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 908,730 shares, the short-interest ratio is currently 0.2 days. Currently, 0.3% of the shares of the stock are short sold.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN traded up $0.03 during mid-day trading on Wednesday, reaching $27.62. The stock had a trading volume of 380,091 shares, compared to its average volume of 742,524. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.79. The stock has a 50-day simple moving average of $27.47 and a two-hundred day simple moving average of $27.46.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were issued a dividend of $0.1473 per share. This represents a c) annualized dividend and a dividend yield of 6.4%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Monday, February 2nd.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ashton Thomas Securities LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 3rd quarter worth approximately $2,169,000. Allworth Financial LP increased its position in shares of iShares Fallen Angels USD Bond ETF by 2.6% during the second quarter. Allworth Financial LP now owns 1,281,649 shares of the company’s stock worth $34,784,000 after buying an additional 32,272 shares during the period. Orion Porfolio Solutions LLC raised its stake in iShares Fallen Angels USD Bond ETF by 102.6% during the second quarter. Orion Porfolio Solutions LLC now owns 65,320 shares of the company’s stock worth $1,773,000 after buying an additional 33,082 shares during the last quarter. Baker Avenue Asset Management LP lifted its holdings in iShares Fallen Angels USD Bond ETF by 49.2% in the second quarter. Baker Avenue Asset Management LP now owns 323,024 shares of the company’s stock valued at $8,767,000 after buying an additional 106,505 shares during the period. Finally, AE Wealth Management LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 28.4% in the 2nd quarter. AE Wealth Management LLC now owns 44,057 shares of the company’s stock valued at $1,196,000 after purchasing an additional 9,743 shares during the period.

iShares Fallen Angels USD Bond ETF Company Profile

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.