iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Large Growth in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 79,068 shares, an increase of 10,049.9% from the October 15th total of 779 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average trading volume of 45,766 shares, the short-interest ratio is presently 1.7 days.

iShares USD Green Bond ETF Price Performance

Shares of BGRN traded down $0.18 during midday trading on Tuesday, hitting $46.10. The company had a trading volume of 57,454 shares, compared to its average volume of 34,142. The company’s 50 day moving average price is $46.06 and its 200 day moving average price is $47.10. iShares USD Green Bond ETF has a 52 week low of $45.38 and a 52 week high of $48.42.

iShares USD Green Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, November 5th. Stockholders of record on Monday, November 2nd were given a dividend of $0.1798 per share. The ex-dividend date of this dividend was Monday, November 2nd. This is a positive change from iShares USD Green Bond ETF’s previous monthly dividend of $0.1666. This represents a $2.16 annualized dividend and a dividend yield of 4.7%.

Institutional Trading of iShares USD Green Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of BGRN. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co acquired a new stake in iShares USD Green Bond ETF during the second quarter valued at approximately $25,252,000. Bank of America Corp DE lifted its holdings in iShares USD Green Bond ETF by 21.4% during the 1st quarter. Bank of America Corp DE now owns 418,909 shares of the company’s stock worth $19,886,000 after buying an additional 73,909 shares during the last quarter. Royal Bank of Canada grew its position in shares of iShares USD Green Bond ETF by 2.5% in the 1st quarter. Royal Bank of Canada now owns 256,841 shares of the company’s stock worth $12,193,000 after acquiring an additional 6,348 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of iShares USD Green Bond ETF in the 2nd quarter worth approximately $7,864,000. Finally, Atomic Invest LLC grew its position in shares of iShares USD Green Bond ETF by 2,991.3% in the 2nd quarter. Atomic Invest LLC now owns 133,296 shares of the company’s stock worth $6,352,000 after acquiring an additional 128,984 shares in the last quarter.

iShares USD Green Bond ETF Company Profile

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.