iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 1,949,917 shares, an increase of 190.7% from the July 30th total of 670,692 shares. Based on an average daily trading volume, of 1,838,148 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.6% of the company’s stock are short sold.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.3%

Shares of iShares Broad USD Investment Grade Corporate Bond ETF stock traded down $0.14 on Friday, hitting $50.35. 1,395,654 shares of the company traded hands, compared to its average volume of 2,467,794. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $50.02 and a 12-month high of $52.72. The company has a 50-day moving average price of $50.63 and a 200 day moving average price of $51.13.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a $0.2064 dividend. This represents a c) annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Monday, August 3rd. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

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

Several large investors have recently made changes to their positions in USIG. Garton & Associates Financial Advisors LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $26,000. Creative Capital Management Investments LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter worth $34,000. Harbor Investment Advisory LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% in the first quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after buying an additional 661 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth about $52,000. Finally, Centennial Bank AR acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at about $66,000.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.