iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Large Decline in Short Interest

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a large decline in short interest in February. As of February 15th, there was short interest totalling 464,700 shares, a decline of 54.0% from the January 31st total of 1,010,000 shares. Based on an average daily volume of 847,000 shares, the short-interest ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Brooklyn FI LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $3,192,000. Virtue Capital Management LLC lifted its position in iShares Fallen Angels USD Bond ETF by 6.7% during the 4th quarter. Virtue Capital Management LLC now owns 74,942 shares of the company’s stock valued at $2,002,000 after acquiring an additional 4,729 shares during the period. Liberty Square Wealth Partners LLC purchased a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter valued at about $307,000. Great Valley Advisor Group Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 1.2% during the 4th quarter. Great Valley Advisor Group Inc. now owns 166,531 shares of the company’s stock valued at $4,448,000 after acquiring an additional 1,996 shares during the period. Finally, Wilson & Boucher Capital Management LLC lifted its position in iShares Fallen Angels USD Bond ETF by 3.1% during the 4th quarter. Wilson & Boucher Capital Management LLC now owns 33,400 shares of the company’s stock valued at $892,000 after acquiring an additional 1,000 shares during the period.

iShares Fallen Angels USD Bond ETF Trading Up 0.3 %

Shares of FALN traded up $0.09 during trading hours on Friday, reaching $27.14. 746,915 shares of the company traded hands, compared to its average volume of 909,321. The company’s fifty day moving average price is $26.92 and its two-hundred day moving average price is $27.04. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.1433 per share. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14. The ex-dividend date was Monday, February 3rd.

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.