Short Interest in iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Drops By 57.5%

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 110,436 shares, a drop of 57.5% from the April 30th total of 259,819 shares. Based on an average trading volume of 300,208 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

iShares ESG Aware USD Corporate Bond ETF Stock Up 0.1%

Shares of SUSC stock traded up $0.03 during trading on Friday, reaching $23.19. The company had a trading volume of 636,385 shares, compared to its average volume of 326,484. iShares ESG Aware USD Corporate Bond ETF has a one year low of $22.70 and a one year high of $23.85. The firm’s 50 day simple moving average is $23.11 and its two-hundred day simple moving average is $23.33.

iShares ESG Aware USD Corporate Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were issued a $0.0876 dividend. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date was Friday, May 1st.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of SUSC. NBT Bank N A NY raised its holdings in iShares ESG Aware USD Corporate Bond ETF by 4,865.2% in the 1st quarter. NBT Bank N A NY now owns 1,142 shares of the company’s stock worth $26,000 after acquiring an additional 1,119 shares during the period. Centennial Bank AR increased its position in iShares ESG Aware USD Corporate Bond ETF by 166.7% in the 3rd quarter. Centennial Bank AR now owns 1,600 shares of the company’s stock worth $38,000 after buying an additional 1,000 shares during the period. Millstone Evans Group LLC bought a new position in iShares ESG Aware USD Corporate Bond ETF in the 4th quarter worth approximately $75,000. Ameriflex Group Inc. increased its position in iShares ESG Aware USD Corporate Bond ETF by 33.5% in the 3rd quarter. Ameriflex Group Inc. now owns 3,514 shares of the company’s stock worth $83,000 after buying an additional 882 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in iShares ESG Aware USD Corporate Bond ETF by 13.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 3,925 shares of the company’s stock worth $92,000 after buying an additional 465 shares during the period.

iShares ESG Aware USD Corporate Bond ETF Company Profile

The iShares ESG USD Corporate Bond ETF (SUSC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return characteristics of the Bloomberg US Corporate Index. SUSC was launched on Jul 11, 2017 and is managed by BlackRock.