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

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 7,700 shares, a drop of 38.4% from the March 31st total of 12,500 shares. Based on an average daily volume of 25,700 shares, the days-to-cover ratio is currently 0.3 days.

iShares USD Green Bond ETF Stock Performance

BGRN traded up $0.13 during trading hours on Friday, hitting $45.95. 12,637 shares of the stock were exchanged, compared to its average volume of 25,865. The stock has a 50-day simple moving average of $46.49 and a 200-day simple moving average of $46.21. iShares USD Green Bond ETF has a 12 month low of $44.18 and a 12 month high of $47.38.

iShares USD Green Bond ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1504 per share. This represents a $1.80 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend was Monday, April 1st.

Hedge Funds Weigh In On iShares USD Green Bond ETF

Several large investors have recently added to or reduced their stakes in BGRN. Sheets Smith Wealth Management bought a new position in iShares USD Green Bond ETF during the third quarter worth $91,000. Sachetta LLC bought a new position in iShares USD Green Bond ETF during the fourth quarter worth $92,000. Morton Brown Family Wealth LLC lifted its stake in iShares USD Green Bond ETF by 30.3% during the first quarter. Morton Brown Family Wealth LLC now owns 2,119 shares of the company’s stock worth $99,000 after purchasing an additional 493 shares during the last quarter. Principal Securities Inc. bought a new stake in iShares USD Green Bond ETF in the fourth quarter valued at $143,000. Finally, Clarity Asset Management Inc. bought a new stake in iShares USD Green Bond ETF in the fourth quarter valued at $172,000.

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.