Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Grows By 311.0%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totalling 907,500 shares, a growth of 311.0% from the March 31st total of 220,800 shares. Based on an average daily volume of 1,082,900 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Institutional investors have recently modified their holdings of the business. Creative Financial Designs Inc. ADV grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 30.5% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,375 shares of the company’s stock worth $70,000 after acquiring an additional 321 shares during the period. Clearbridge Investments LLC lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.7% in the 4th quarter. Clearbridge Investments LLC now owns 10,389 shares of the company’s stock valued at $533,000 after purchasing an additional 372 shares during the period. Arkadios Wealth Advisors boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 6.6% in the 4th quarter. Arkadios Wealth Advisors now owns 6,158 shares of the company’s stock worth $316,000 after purchasing an additional 382 shares during the last quarter. Private Trust Co. NA grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 19.9% during the third quarter. Private Trust Co. NA now owns 2,713 shares of the company’s stock worth $130,000 after purchasing an additional 450 shares during the period. Finally, Azimuth Capital Investment Management LLC grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 10.9% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 4,865 shares of the company’s stock worth $249,000 after purchasing an additional 480 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.3 %

Shares of USIG opened at $49.42 on Friday. The stock has a fifty day moving average price of $50.18 and a two-hundred day moving average price of $49.83. iShares Broad USD Investment Grade Corporate Bond ETF has a 52-week low of $46.70 and a 52-week high of $51.50.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, April 2nd were paid a $0.1853 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend was Monday, April 1st.

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.