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 increase in short interest in the month of February. As of February 28th, there was short interest totalling 1,300,000 shares, an increase of 179.8% from the February 13th total of 464,700 shares. Based on an average daily volume of 914,200 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.8% of the shares of the stock are sold short.

iShares Fallen Angels USD Bond ETF Stock Performance

Shares of NASDAQ:FALN traded up $0.01 on Thursday, reaching $26.87. 83,699 shares of the company were exchanged, compared to its average volume of 961,275. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.90 and a 1-year high of $27.43. The company has a 50-day moving average of $26.96 and a 200-day moving average of $27.03.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1372 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in FALN. Nomura Asset Management Co. Ltd. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 70.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock worth $37,957,000 after purchasing an additional 589,100 shares during the period. State of Tennessee Department of Treasury purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $15,590,000. Mather Group LLC. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 6.4% in the 4th quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock worth $255,528,000 after buying an additional 575,494 shares in the last quarter. Novem Group purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter worth about $13,107,000. Finally, Ameriprise Financial Inc. boosted its position in shares of iShares Fallen Angels USD Bond ETF by 30.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,592,730 shares of the company’s stock worth $42,540,000 after buying an additional 372,688 shares in the last quarter.

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.