Short Interest in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Drops By 91.8%

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the recipient of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,141,120 shares, a drop of 91.8% from the May 31st total of 38,415,571 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 4,565,125 shares, the days-to-cover ratio is currently 0.7 days.

iShares Core Total USD Bond Market ETF Stock Performance

NASDAQ:IUSB traded up $0.04 on Friday, hitting $46.30. 1,301,266 shares of the stock were exchanged, compared to its average volume of 4,598,105. iShares Core Total USD Bond Market ETF has a 52 week low of $45.47 and a 52 week high of $47.23. The stock has a market capitalization of $36.64 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26. The company’s 50-day moving average price is $46.08 and its 200 day moving average price is $46.39.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a dividend of $0.1511 per share. The ex-dividend date was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 3.9%.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Redwood Investment Management LLC grew its holdings in iShares Core Total USD Bond Market ETF by 9.5% during the 1st quarter. Redwood Investment Management LLC now owns 94,878 shares of the company’s stock worth $4,382,000 after acquiring an additional 8,229 shares during the period. NewEdge Advisors LLC raised its position in shares of iShares Core Total USD Bond Market ETF by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,087,463 shares of the company’s stock valued at $142,610,000 after acquiring an additional 252,999 shares during the last quarter. Concorde Asset Management LLC lifted its stake in shares of iShares Core Total USD Bond Market ETF by 1.2% in the 1st quarter. Concorde Asset Management LLC now owns 102,539 shares of the company’s stock valued at $4,736,000 after purchasing an additional 1,246 shares during the period. Security Financial Services INC. boosted its position in shares of iShares Core Total USD Bond Market ETF by 6.5% in the 1st quarter. Security Financial Services INC. now owns 210,078 shares of the company’s stock worth $9,704,000 after purchasing an additional 12,893 shares during the last quarter. Finally, Serenity Investment Advisors acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the first quarter worth $204,000.

iShares Core Total USD Bond Market ETF Company Profile

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.