iShares USD Green Bond ETF (NASDAQ:BGRN) Short Interest Up 59.1% in July

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 103,969 shares, an increase of 59.1% from the July 15th total of 65,358 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average daily volume of 42,777 shares, the days-to-cover ratio is presently 2.4 days.

iShares USD Green Bond ETF Trading Up 0.1%

Shares of iShares USD Green Bond ETF stock opened at $46.86 on Wednesday. iShares USD Green Bond ETF has a 12-month low of $46.73 and a 12-month high of $48.52. The firm’s 50-day moving average price is $47.14 and its two-hundred day moving average price is $47.46.

iShares USD Green Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, August 6th. Stockholders of record on Monday, August 3rd were given a $0.1734 dividend. The ex-dividend date was Monday, August 3rd. This is a boost from iShares USD Green Bond ETF’s previous dividend of $0.17.

Institutional Trading of iShares USD Green Bond ETF

Several large investors have recently made changes to their positions in the company. Betterment LLC raised its holdings in shares of iShares USD Green Bond ETF by 6.9% during the 4th quarter. Betterment LLC now owns 1,345,583 shares of the company’s stock worth $64,507,000 after buying an additional 86,489 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in iShares USD Green Bond ETF by 6.5% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 1,008,312 shares of the company’s stock valued at $48,334,000 after buying an additional 61,396 shares in the last quarter. Bank of America Corp DE boosted its stake in iShares USD Green Bond ETF by 21.4% in the first quarter. Bank of America Corp DE now owns 418,909 shares of the company’s stock valued at $19,886,000 after buying an additional 73,909 shares in the last quarter. Royal Bank of Canada grew its position in iShares USD Green Bond ETF by 2.5% in the first quarter. Royal Bank of Canada now owns 256,841 shares of the company’s stock valued at $12,193,000 after acquiring an additional 6,348 shares during the last quarter. Finally, Impact Investors Inc grew its position in iShares USD Green Bond ETF by 11.1% in the first quarter. Impact Investors Inc now owns 169,667 shares of the company’s stock valued at $8,054,000 after acquiring an additional 16,888 shares during the last quarter.

About iShares USD Green Bond ETF

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.