iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 22.8% in March

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 105,763 shares, an increase of 22.8% from the February 26th total of 86,124 shares. Based on an average trading volume of 1,560,233 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Several large investors have recently added to or reduced their stakes in the stock. L.K. Benson & Company P.C. raised its stake 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 in the last quarter. Global Retirement Partners LLC grew its stake in iShares Fallen Angels USD Bond ETF by 73.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares in the last quarter. Cornerstone Planning Group LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 0.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 101,248 shares of the company’s stock worth $2,792,000 after purchasing an additional 457 shares during the period. Concurrent Investment Advisors LLC raised its position in iShares Fallen Angels USD Bond ETF by 1.7% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 27,547 shares of the company’s stock valued at $765,000 after purchasing an additional 462 shares in the last quarter. Finally, Exchange Bank raised its position in iShares Fallen Angels USD Bond ETF by 1.8% during the 4th quarter. Exchange Bank now owns 26,854 shares of the company’s stock valued at $733,000 after purchasing an additional 464 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Performance

FALN stock traded up $0.02 during midday trading on Wednesday, reaching $26.74. The company’s stock had a trading volume of 1,668,058 shares, compared to its average volume of 1,296,400. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.79. The stock has a fifty day simple moving average of $27.24 and a two-hundred day simple moving average of $27.39.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.1506 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 6.8%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

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.