Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Increases By 218.1%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a significant increase in short interest in March. As of March 15th, there was short interest totalling 1,870,000 shares, an increase of 218.1% from the February 28th total of 587,900 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 1,354,300 shares, the days-to-cover ratio is currently 1.4 days.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG opened at $50.99 on Friday. The company’s 50 day moving average is $50.79 and its 200-day moving average is $51.11. 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 business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders 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.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. AdvisorNet Financial Inc boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% during the 4th quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock valued at $31,000 after acquiring an additional 208 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at about $38,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth about $49,000. Sunbelt Securities Inc. increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% in the third quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock valued at $68,000 after buying an additional 827 shares during the period. Finally, Richardson Financial Services Inc. raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% in the 4th quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock valued at $90,000 after buying an additional 400 shares during the last quarter.

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.