iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 471,200 shares, a growth of 116.8% from the March 31st total of 217,300 shares. Based on an average daily trading volume, of 789,000 shares, the days-to-cover ratio is presently 0.6 days.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

NASDAQ FALN traded up $0.06 on Friday, reaching $26.23. The company had a trading volume of 525,150 shares, compared to its average volume of 779,859. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $26.92. The company’s fifty day moving average is $26.51 and its 200 day moving average is $26.07.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were given a dividend of $0.1692 per share. This represents a $2.03 annualized dividend and a dividend yield of 7.74%. The ex-dividend date was Monday, April 1st.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Several large investors have recently made changes to their positions in FALN. Sunesis Advisors LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 3rd quarter valued at $445,000. ST Germain D J Co. Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 5.2% during the 3rd quarter. ST Germain D J Co. Inc. now owns 316,340 shares of the company’s stock worth $7,845,000 after acquiring an additional 15,758 shares during the period. Vicus Capital grew its stake in shares of iShares Fallen Angels USD Bond ETF by 2.2% during the 3rd quarter. Vicus Capital now owns 60,171 shares of the company’s stock worth $1,492,000 after acquiring an additional 1,284 shares during the period. Raymond James & Associates grew its stake in shares of iShares Fallen Angels USD Bond ETF by 10.1% during the 3rd quarter. Raymond James & Associates now owns 23,623 shares of the company’s stock worth $586,000 after acquiring an additional 2,168 shares during the period. Finally, Continuum Wealth Advisors LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 7.1% during the 3rd quarter. Continuum Wealth Advisors LLC now owns 249,596 shares of the company’s stock worth $6,190,000 after acquiring an additional 16,599 shares during the period.

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.