iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Sees Significant Increase in Short Interest

iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) saw a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 259,819 shares, an increase of 142.5% from the April 15th total of 107,152 shares. Approximately 0.4% of the company’s stock are sold short. Based on an average daily volume of 178,715 shares, the short-interest ratio is currently 1.5 days.

iShares ESG Aware USD Corporate Bond ETF Price Performance

SUSC stock traded down $0.14 during midday trading on Friday, hitting $22.92. The stock had a trading volume of 338,898 shares, compared to its average volume of 253,096. The business has a 50-day moving average of $23.15 and a two-hundred day moving average of $23.37. iShares ESG Aware USD Corporate Bond ETF has a 52-week low of $22.49 and a 52-week high of $23.85.

iShares ESG Aware USD Corporate Bond ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were issued a $0.0876 dividend. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SUSC. NBT Bank N A NY lifted its holdings in shares of iShares ESG Aware USD Corporate Bond ETF by 4,865.2% during the first quarter. NBT Bank N A NY now owns 1,142 shares of the company’s stock valued at $26,000 after purchasing an additional 1,119 shares in the last quarter. Centennial Bank AR lifted its holdings in iShares ESG Aware USD Corporate Bond ETF by 166.7% in the third quarter. Centennial Bank AR now owns 1,600 shares of the company’s stock valued at $38,000 after acquiring an additional 1,000 shares during the period. Millstone Evans Group LLC purchased a new stake in iShares ESG Aware USD Corporate Bond ETF in the fourth quarter worth about $75,000. Ameriflex Group Inc. increased its position in iShares ESG Aware USD Corporate Bond ETF by 33.5% in the third quarter. Ameriflex Group Inc. now owns 3,514 shares of the company’s stock worth $83,000 after buying an additional 882 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in iShares ESG Aware USD Corporate Bond ETF by 13.4% in the third quarter. PNC Financial Services Group Inc. now owns 3,925 shares of the company’s stock worth $92,000 after buying an additional 465 shares in the last quarter.

iShares ESG Aware USD Corporate Bond ETF Company Profile

The iShares ESG USD Corporate Bond ETF (SUSC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return characteristics of the Bloomberg US Corporate Index. SUSC was launched on Jul 11, 2017 and is managed by BlackRock.