iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 691,661 shares, a decrease of 41.6% from the May 31st total of 1,184,578 shares. Based on an average daily trading volume, of 1,724,767 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the company’s shares are sold short.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG stock traded up $0.08 during midday trading on Thursday, hitting $51.09. 1,501,812 shares of the company’s stock were exchanged, compared to its average volume of 2,589,001. iShares Broad USD Investment Grade Corporate Bond ETF has a one year low of $50.48 and a one year high of $52.72. The stock’s fifty day moving average price is $51.17 and its 200-day moving average price is $51.53.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 7th. Investors of record on Wednesday, July 1st will be paid a dividend of $0.2016 per share. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date of this dividend is Wednesday, July 1st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of USIG. Ameriprise Financial Inc. lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock valued at $509,873,000 after acquiring an additional 1,735,043 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 22.7% in the 2nd quarter. BNP Paribas Financial Markets now owns 80,100 shares of the company’s stock valued at $4,120,000 after purchasing an additional 14,800 shares during the period. Tolleson Wealth Management Inc. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 18.5% in the 2nd quarter. Tolleson Wealth Management Inc. now owns 33,073 shares of the company’s stock valued at $1,701,000 after purchasing an additional 5,175 shares during the period. Captrust Financial Advisors lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.6% in the second quarter. Captrust Financial Advisors now owns 539,087 shares of the company’s stock valued at $27,731,000 after purchasing an additional 13,481 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 21.9% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,253 shares of the company’s stock valued at $118,000 after purchasing an additional 405 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.