iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Sees Large Increase in Short Interest

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the target of a large increase in short interest in February. As of February 15th, there was short interest totalling 4,000,000 shares, an increase of 609.7% from the January 31st total of 563,600 shares. Based on an average daily trading volume, of 2,775,700 shares, the days-to-cover ratio is currently 1.4 days.

iShares Core Total USD Bond Market ETF Price Performance

Shares of NASDAQ:IUSB traded down $0.07 during midday trading on Thursday, reaching $46.04. 9,794,401 shares of the company were exchanged, compared to its average volume of 2,929,833. iShares Core Total USD Bond Market ETF has a one year low of $44.21 and a one year high of $47.44. The business’s fifty day moving average is $45.31 and its two-hundred day moving average is $46.00.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Shareholders of record on Monday, February 3rd were given a $0.1542 dividend. The ex-dividend date of this dividend was Monday, February 3rd.

Hedge Funds Weigh In On iShares Core Total USD Bond Market ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in iShares Core Total USD Bond Market ETF by 20.3% in the third quarter. LPL Financial LLC now owns 39,330,716 shares of the company’s stock worth $1,853,263,000 after buying an additional 6,632,679 shares in the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of iShares Core Total USD Bond Market ETF by 12.2% in the 4th quarter. Jones Financial Companies Lllp now owns 60,525,582 shares of the company’s stock valued at $2,735,756,000 after buying an additional 6,586,279 shares in the last quarter. Life Planning Partners Inc increased its position in shares of iShares Core Total USD Bond Market ETF by 4,352.9% during the fourth quarter. Life Planning Partners Inc now owns 4,380,903 shares of the company’s stock worth $198,017,000 after purchasing an additional 4,282,520 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in iShares Core Total USD Bond Market ETF in the fourth quarter worth about $183,980,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of iShares Core Total USD Bond Market ETF by 14.7% during the third quarter. JPMorgan Chase & Co. now owns 20,716,912 shares of the company’s stock worth $976,181,000 after buying an additional 2,651,218 shares during the period.

iShares Core Total USD Bond Market ETF Company Profile

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.