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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 1,000,705 shares, a decrease of 27.2% from the February 26th total of 1,375,170 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 5,909,302 shares, the days-to-cover ratio is currently 0.2 days.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.5%

Shares of USIG stock opened at $50.97 on Tuesday. iShares Broad USD Investment Grade Corporate Bond ETF has a 52-week low of $49.10 and a 52-week high of $52.72. The business’s fifty day moving average is $51.76 and its 200 day moving average is $51.97.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.203 dividend. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Montecito Bank & Trust purchased a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter valued at approximately $774,000. Ameriprise Financial Inc. grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 11,508,464 shares of the company’s stock worth $579,811,000 after buying an additional 1,530,288 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock worth $74,268,000 after buying an additional 45,662 shares during the last quarter. Fisher Asset Management LLC increased its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 57.9% in the 2nd quarter. Fisher Asset Management LLC now owns 34,845 shares of the company’s stock worth $1,792,000 after buying an additional 12,783 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 3rd quarter valued at $774,000.

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.