iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Down 34.0% in April

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 1,029,641 shares, a decrease of 34.0% from the April 15th total of 1,560,531 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 1,260,354 shares, the short-interest ratio is presently 0.8 days.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG opened at $50.82 on Monday. The business has a 50 day simple moving average of $51.28 and a two-hundred day simple moving average of $51.74. iShares Broad USD Investment Grade Corporate Bond ETF has a one year low of $49.89 and a one year high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a dividend of $0.2042 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.8%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $26,000. YANKCOM Partnership bought a new position in iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at approximately $32,000. Creative Capital Management Investments LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter worth approximately $34,000. Harbor Investment Advisory LLC grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3,147.6% during the 1st quarter. Harbor Investment Advisory LLC now owns 682 shares of the company’s stock worth $35,000 after acquiring an additional 661 shares during the period. Finally, Strive Financial Group LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $52,000.

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.