iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Sees Large Decrease in Short Interest

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) was the target of a large drop in short interest in the month of July. As of July 31st, there was short interest totaling 42,395 shares, a drop of 55.0% from the July 15th total of 94,189 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 220,013 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SUSC. NBT Bank N A NY increased its holdings in iShares ESG Aware USD Corporate Bond ETF by 4,865.2% during the 1st quarter. NBT Bank N A NY now owns 1,142 shares of the company’s stock worth $26,000 after purchasing an additional 1,119 shares during the last quarter. First Bancorp Inc ME acquired a new stake in iShares ESG Aware USD Corporate Bond ETF in the second quarter valued at $55,000. Millstone Evans Group LLC bought a new position in iShares ESG Aware USD Corporate Bond ETF during the 4th quarter valued at $75,000. PNC Financial Services Group Inc. grew its holdings in iShares ESG Aware USD Corporate Bond ETF by 14.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,351 shares of the company’s stock worth $101,000 after acquiring an additional 533 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of iShares ESG Aware USD Corporate Bond ETF in the 4th quarter worth about $114,000.

iShares ESG Aware USD Corporate Bond ETF Price Performance

NASDAQ SUSC opened at $22.67 on Friday. The company’s fifty day simple moving average is $22.91 and its 200-day simple moving average is $23.13. iShares ESG Aware USD Corporate Bond ETF has a 52 week low of $22.63 and a 52 week high of $23.85.

iShares ESG Aware USD Corporate Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Shareholders of record on Monday, August 3rd were given a $0.0883 dividend. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend was Monday, August 3rd.

About iShares ESG Aware USD Corporate Bond ETF

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.