iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Growth in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large increase in short interest in February. As of February 28th, there was short interest totalling 587,900 shares, an increase of 27.7% from the February 13th total of 460,500 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,239,500 shares, the short-interest ratio is currently 0.5 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 23.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,235 shares of the company’s stock valued at $61,636,000 after buying an additional 219,971 shares in the last quarter. AdvisorNet Financial Inc increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% in the 4th quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock valued at $31,000 after buying an additional 208 shares in the last quarter. Captrust Financial Advisors increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 5.9% in the 3rd quarter. Captrust Financial Advisors now owns 4,243 shares of the company’s stock valued at $223,000 after buying an additional 235 shares in the last quarter. Financial Avengers Inc. increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 17.5% in the 3rd quarter. Financial Avengers Inc. now owns 19,716 shares of the company’s stock valued at $1,037,000 after buying an additional 2,938 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 2.0% in the 4th quarter. Valeo Financial Advisors LLC now owns 31,416 shares of the company’s stock valued at $1,580,000 after buying an additional 627 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG stock opened at $50.94 on Wednesday. The stock has a 50-day moving average price of $50.63 and a 200-day moving average price of $51.16. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $49.08 and a 1-year high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were given a $0.196 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

About iShares Broad USD Investment Grade Corporate Bond ETF

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.