iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 603,200 shares, a growth of 254.4% from the February 29th total of 170,200 shares. Based on an average daily volume of 758,000 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. US Financial Advisors LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 0.9% during the 3rd quarter. US Financial Advisors LLC now owns 74,294 shares of the company’s stock worth $1,842,000 after acquiring an additional 655 shares during the period. Scotia Capital Inc. bought a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $217,000. Brookstone Capital Management boosted its stake in iShares Fallen Angels USD Bond ETF by 3.7% in the 4th quarter. Brookstone Capital Management now owns 27,834 shares of the company’s stock valued at $735,000 after purchasing an additional 995 shares during the period. Provence Wealth Management Group bought a new stake in iShares Fallen Angels USD Bond ETF in the 3rd quarter valued at $150,000. Finally, Raymond James & Associates boosted its stake in iShares Fallen Angels USD Bond ETF by 10.1% in the 3rd quarter. Raymond James & Associates now owns 23,623 shares of the company’s stock valued at $586,000 after purchasing an additional 2,168 shares during the period.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ FALN traded up $0.12 during midday trading on Wednesday, hitting $26.88. 367,801 shares of the company’s stock were exchanged, compared to its average volume of 773,113. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.12 and a 12 month high of $26.89. The company’s 50 day moving average price is $26.59 and its 200 day moving average price is $25.83.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were paid a dividend of $0.1345 per share. The ex-dividend date was Friday, March 1st. This represents a $1.61 annualized dividend and a dividend yield of 6.00%.

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.