Short Interest in iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Rises By 1,183.2%

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the recipient of a large growth in short interest in May. As of May 29th, there was short interest totaling 38,415,571 shares, a growth of 1,183.2% from the May 14th total of 2,993,656 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average trading volume of 19,037,225 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. CIBC Private Wealth Group LLC bought a new position in shares of iShares Core Total USD Bond Market ETF in the 3rd quarter valued at about $27,000. Decker Retirement Planning Inc. bought a new position in shares of iShares Core Total USD Bond Market ETF in the 4th quarter valued at about $30,000. Mcguire Capital Advisors Inc. bought a new position in shares of iShares Core Total USD Bond Market ETF in the 4th quarter valued at about $30,000. Chapman Financial Group LLC bought a new position in shares of iShares Core Total USD Bond Market ETF in the 3rd quarter valued at about $31,000. Finally, Hurley Capital LLC bought a new position in shares of iShares Core Total USD Bond Market ETF in the 4th quarter valued at about $33,000.

iShares Core Total USD Bond Market ETF Stock Performance

IUSB traded up $0.11 during midday trading on Tuesday, hitting $45.87. The company had a trading volume of 3,619,978 shares, compared to its average volume of 4,706,263. The company has a market capitalization of $36.30 billion, a PE ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a twelve month low of $45.45 and a twelve month high of $47.23. The firm’s 50-day simple moving average is $46.12 and its 200-day simple moving average is $46.46.

iShares Core Total USD Bond Market ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a $0.1511 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date was Monday, June 1st.

About iShares Core Total USD Bond Market ETF

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.