iShares USD Green Bond ETF (NASDAQ:BGRN) Short Interest Up 142.3% in May

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 66,033 shares, an increase of 142.3% from the May 14th total of 27,254 shares. Approximately 0.7% of the shares of the stock are sold short. Based on an average daily volume of 26,340 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Investors Weigh In On iShares USD Green Bond ETF

A number of large investors have recently modified their holdings of BGRN. Allworth Financial LP boosted its holdings in shares of iShares USD Green Bond ETF by 429.4% in the 4th quarter. Allworth Financial LP now owns 630 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares in the last quarter. Lodestone Wealth Management LLC acquired a new stake in shares of iShares USD Green Bond ETF in the 4th quarter valued at $31,000. Robinswood Financial LLC acquired a new stake in shares of iShares USD Green Bond ETF in the 1st quarter valued at $31,000. WFA of San Diego LLC acquired a new stake in shares of iShares USD Green Bond ETF in the 2nd quarter valued at $64,000. Finally, Advisory Services Network LLC acquired a new stake in shares of iShares USD Green Bond ETF in the 3rd quarter valued at $85,000.

iShares USD Green Bond ETF Trading Down 0.0%

Shares of BGRN stock traded down $0.02 during trading hours on Friday, reaching $47.41. The company’s stock had a trading volume of 16,934 shares, compared to its average volume of 28,602. The firm’s 50 day simple moving average is $47.44 and its 200-day simple moving average is $47.76. iShares USD Green Bond ETF has a fifty-two week low of $46.96 and a fifty-two week high of $48.52.

iShares USD Green Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.1725 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. This is a boost from iShares USD Green Bond ETF’s previous monthly dividend of $0.17.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.