iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Down 86.6% in December

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a large decrease in short interest in December. As of December 31st, there was short interest totaling 111,844 shares, a decrease of 86.6% from the December 15th total of 837,443 shares. Based on an average daily trading volume, of 497,528 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 497,528 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Wolff Wiese Magana LLC lifted its stake in shares of iShares Fallen Angels USD Bond ETF by 86.9% during the second quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock valued at $31,000 after buying an additional 523 shares during the period. CoreCap Advisors LLC raised its holdings in iShares Fallen Angels USD Bond ETF by 72.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock valued at $33,000 after acquiring an additional 495 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the third quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after purchasing an additional 693 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of iShares Fallen Angels USD Bond ETF by 8,036.8% in the third quarter. BNP Paribas Financial Markets now owns 3,092 shares of the company’s stock valued at $86,000 after purchasing an additional 3,054 shares during the period. Finally, Private Trust Co. NA increased its stake in iShares Fallen Angels USD Bond ETF by 41.0% in the second quarter. Private Trust Co. NA now owns 3,101 shares of the company’s stock valued at $84,000 after purchasing an additional 901 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

iShares Fallen Angels USD Bond ETF stock traded up $0.01 during mid-day trading on Wednesday, hitting $27.52. 69,582 shares of the company were exchanged, compared to its average volume of 808,784. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.82 and a 12-month high of $27.79. The business’s 50 day simple moving average is $27.38 and its two-hundred day simple moving average is $27.34.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Investors of record on Friday, December 19th were paid a $0.1466 dividend. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date of this dividend was Friday, December 19th. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.