iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Drop in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a large drop in short interest in February. As of February 15th, there was short interest totalling 460,500 shares, a drop of 18.9% from the January 31st total of 568,100 shares. Based on an average daily volume of 1,015,600 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% in the fourth quarter. Ameriprise Financial Inc. now owns 10,324,245 shares of the company’s stock worth $523,491,000 after purchasing an additional 613,878 shares during the last quarter. TIAA Trust National Association raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 10.8% during the 4th quarter. TIAA Trust National Association now owns 5,603,082 shares of the company’s stock worth $281,723,000 after buying an additional 543,960 shares during the last quarter. JPMorgan Chase & Co. raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 23.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,235 shares of the company’s stock worth $61,636,000 after buying an additional 219,971 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 168.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 314,312 shares of the company’s stock valued at $16,527,000 after acquiring an additional 197,012 shares during the period. Finally, Crestwood Advisors Group LLC boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 41.5% in the 4th quarter. Crestwood Advisors Group LLC now owns 407,479 shares of the company’s stock valued at $20,488,000 after acquiring an additional 119,598 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.2 %

iShares Broad USD Investment Grade Corporate Bond ETF stock traded down $0.11 during mid-day trading on Wednesday, reaching $51.12. 670,854 shares of the company traded hands, compared to its average volume of 1,123,871. The firm’s fifty day moving average is $50.50 and its two-hundred day moving average is $51.24. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $49.08 and a fifty-two week high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be paid a $0.196 dividend. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend is Monday, March 3rd.

About iShares Broad USD Investment Grade Corporate Bond ETF

The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated, investment-grade corporate debt. USIG was launched on Jan 5, 2007 and is managed by BlackRock.