Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Drops By 53.2%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a large decrease in short interest in February. As of February 27th, there was short interest totaling 86,124 shares, a decrease of 53.2% from the February 12th total of 184,101 shares. Based on an average daily trading volume, of 688,135 shares, the short-interest ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 688,135 shares, the short-interest ratio is presently 0.1 days.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN traded down $0.21 during trading on Thursday, hitting $26.75. The company’s stock had a trading volume of 916,075 shares, compared to its average volume of 923,460. The business’s 50 day simple moving average is $27.46 and its 200-day simple moving average is $27.46. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.82 and a fifty-two week high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

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

Institutional Trading of iShares Fallen Angels USD Bond ETF

Several large investors have recently bought and sold shares of FALN. Global Retirement Partners LLC increased its stake in iShares Fallen Angels USD Bond ETF by 73.2% during the 4th 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 acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the fourth quarter worth $30,000. CoreCap Advisors LLC grew its holdings in shares of 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 grew 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 valued at $40,000 after buying an additional 693 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at $55,000.

iShares Fallen Angels USD Bond ETF Company Profile

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.