iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Significant Growth in Short Interest

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 105,763 shares, an increase of 22.8% from the February 26th total of 86,124 shares. Based on an average trading volume of 1,560,233 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Global Retirement Partners LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in iShares Fallen Angels USD Bond ETF during the fourth quarter valued at approximately $30,000. CoreCap Advisors LLC boosted its stake in iShares Fallen Angels USD Bond ETF by 72.4% during the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after buying an additional 495 shares during the last quarter. Golden State Wealth Management LLC increased its stake in iShares Fallen Angels USD Bond ETF by 94.2% in the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after acquiring an additional 693 shares during the last quarter. Finally, Camelot Portfolios LLC bought a new stake in iShares Fallen Angels USD Bond ETF in the fourth quarter worth $55,000.

iShares Fallen Angels USD Bond ETF Trading Up 1.0%

Shares of NASDAQ:FALN traded up $0.27 during midday trading on Tuesday, hitting $26.72. The company had a trading volume of 1,538,090 shares, compared to its average volume of 1,290,893. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.79. The company has a fifty day moving average of $27.25 and a two-hundred day moving average of $27.40.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.1506 dividend. The ex-dividend date was Monday, March 2nd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. This represents a c) dividend on an annualized basis and a yield of 6.8%.

About iShares Fallen Angels USD Bond ETF

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.