iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Significant Drop in Short Interest

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 86,124 shares, a decrease of 53.2% from the February 12th total of 184,101 shares. Based on an average daily trading volume, of 688,135 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 688,135 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Large investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 73.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after acquiring an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $30,000. CoreCap Advisors LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 72.4% in the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after purchasing an additional 495 shares during the period. Golden State Wealth Management LLC grew its holdings in shares of iShares Fallen Angels USD Bond ETF by 94.2% in the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after purchasing an additional 693 shares during the period. Finally, Camelot Portfolios LLC acquired a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter worth about $55,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.3%

NASDAQ FALN traded down $0.09 during trading hours on Friday, hitting $26.66. 1,624,422 shares of the company’s stock traded hands, compared to its average volume of 937,764. The firm’s 50-day moving average is $27.44 and its 200-day moving average is $27.46. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.82 and a 52-week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1506 per share. The ex-dividend date was Monday, March 2nd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 6.8%.

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.