Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Expands By 62.2%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,172,679 shares, a growth of 62.2% from the June 30th total of 722,804 shares. Based on an average daily volume of 646,136 shares, the short-interest ratio is currently 1.8 days. Currently, 1.9% of the shares of the stock are short sold.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 6.1% in the 1st quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock worth $173,000 after buying an additional 375 shares during the last quarter. L.K. Benson & Company P.C. increased its position in shares of iShares Fallen Angels USD Bond ETF by 1.9% during the fourth quarter. L.K. Benson & Company P.C. now owns 20,493 shares of the company’s stock valued at $559,000 after acquiring an additional 390 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after acquiring an additional 428 shares during the last quarter. Intergy Private Wealth LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 5.1% during the first quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock valued at $259,000 after acquiring an additional 468 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 4.4% during the first quarter. Arete Wealth Advisors LLC now owns 11,766 shares of the company’s stock worth $314,000 after acquiring an additional 500 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Down 0.1%

FALN traded down $0.03 on Friday, hitting $26.92. 535,008 shares of the stock were exchanged, compared to its average volume of 1,122,355. iShares Fallen Angels USD Bond ETF has a 12 month low of $26.37 and a 12 month high of $27.79. The business has a 50-day moving average of $27.07 and a two-hundred day moving average of $27.15.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, July 7th. Stockholders of record on Wednesday, July 1st were given a $0.141 dividend. The ex-dividend date was Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 6.3%.

About iShares Fallen Angels USD Bond ETF

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.