iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Short Interest Update

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 2,993,656 shares, a decline of 40.0% from the April 30th total of 4,990,929 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 2,926,810 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On iShares Core Total USD Bond Market ETF

Several hedge funds have recently modified their holdings of the company. Jones Financial Companies Lllp boosted its stake in shares of iShares Core Total USD Bond Market ETF by 6.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 71,364,109 shares of the company’s stock worth $3,327,011,000 after purchasing an additional 4,589,650 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of iShares Core Total USD Bond Market ETF by 2.9% during the 4th quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock worth $2,231,434,000 after purchasing an additional 1,331,490 shares during the last quarter. LPL Financial LLC boosted its stake in shares of iShares Core Total USD Bond Market ETF by 2.2% during the 4th quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock worth $2,117,917,000 after purchasing an additional 966,130 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of iShares Core Total USD Bond Market ETF by 8.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 28,622,754 shares of the company’s stock worth $1,332,103,000 after purchasing an additional 2,324,731 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of iShares Core Total USD Bond Market ETF by 8.5% during the 4th quarter. Morgan Stanley now owns 24,700,344 shares of the company’s stock worth $1,149,554,000 after purchasing an additional 1,931,838 shares during the last quarter.

iShares Core Total USD Bond Market ETF Price Performance

Shares of IUSB stock traded up $0.08 during mid-day trading on Thursday, hitting $46.02. The stock had a trading volume of 1,342,444 shares, compared to its average volume of 4,683,763. iShares Core Total USD Bond Market ETF has a fifty-two week low of $45.33 and a fifty-two week high of $47.23. The firm has a market cap of $36.42 billion, a PE ratio of 10.80 and a beta of 0.27. The company’s 50-day simple moving average is $46.13 and its 200-day simple moving average is $46.48.

iShares Core Total USD Bond Market ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, June 1st will be paid a dividend of $0.1511 per share. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, June 1st.

About iShares Core Total USD Bond Market ETF

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.