Short Interest in iShares USD Green Bond ETF (NASDAQ:BGRN) Increases By 313.3%

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 18,600 shares, an increase of 313.3% from the October 31st total of 4,500 shares. Based on an average daily volume of 24,500 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On iShares USD Green Bond ETF

A number of institutional investors have recently added to or reduced their stakes in BGRN. Cetera Investment Advisers raised its stake in shares of iShares USD Green Bond ETF by 1,493.2% in the 1st quarter. Cetera Investment Advisers now owns 92,025 shares of the company’s stock valued at $4,315,000 after purchasing an additional 86,249 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares USD Green Bond ETF by 16.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 504,187 shares of the company’s stock valued at $23,465,000 after acquiring an additional 69,552 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in iShares USD Green Bond ETF by 17.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 421,688 shares of the company’s stock worth $19,625,000 after purchasing an additional 63,874 shares during the last quarter. Francis Financial Inc. boosted its holdings in iShares USD Green Bond ETF by 11.9% in the second quarter. Francis Financial Inc. now owns 326,312 shares of the company’s stock worth $15,187,000 after purchasing an additional 34,776 shares during the period. Finally, Creative Planning increased its stake in iShares USD Green Bond ETF by 18.1% during the second quarter. Creative Planning now owns 113,001 shares of the company’s stock valued at $5,259,000 after purchasing an additional 17,308 shares during the last quarter.

iShares USD Green Bond ETF Stock Up 0.3 %

NASDAQ:BGRN traded up $0.12 during trading hours on Friday, hitting $47.60. The stock had a trading volume of 9,528 shares, compared to its average volume of 24,082. The business has a 50 day simple moving average of $47.55 and a two-hundred day simple moving average of $47.30. iShares USD Green Bond ETF has a 1-year low of $45.73 and a 1-year high of $48.54.

iShares USD Green Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.1633 per share. This represents a $1.96 annualized dividend and a yield of 4.12%. The ex-dividend date was Friday, November 1st.

iShares USD Green Bond ETF Company Profile

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.