The iShares Broad USD Investment Grade Corporate Bond ETF ( NASDAQ:USIG – Get Rating ) saw a large increase in short interest during the month of March. As of February 31st, there was a total of 280,800 short interest shares, an increase of 207.2 percent compared to the total of 91,400 shares on March 15th. Based on an average daily trading volume of 1,270,500 shares, the short interest ratio is currently 0.2 days.
iShares Broad USD Investment Grade Corporate Bond ETF Price Performance
iShares Broad USD Investment Grade Corporate Bond ETF stock traded down $0.15 during trading hours on Friday, hitting $50.65. 326,216 shares traded hands compared to the company’s average volume of 1,242,458. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $46.47 and a 1-year high of $53.06. The company has a 50 day moving average price of $50.09 and a 200 day moving average price of $49.53.
The iShares Broad USD Investment Grade Corporate Bond ETF increases dividends
The firm also recently announced a monthly dividend, which was paid on Friday, April 7th. Shareholders of record on Tuesday, April 4th were issued a $0.158 dividend. The ex-dividend date was Monday, April 3rd. This represents a $1.90 annual dividend and a dividend yield of 3.74%. This is a positive change from the iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.15.
Institutional investors weigh in on the iShares Broad USD Investment Grade Corporate Bond ETF
A number of large investors have recently modified their holdings of businesses. United Capital Financial Advisors LLC purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter valued at $387,000. Captrust Financial Advisors boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 14.7% during the 4th quarter. Captrust Financial Advisors now owns 6,835 shares of the company’s stock worth $336,000 after acquiring an additional 877 shares during the last quarter. Azimuth Capital Investment Management LLC bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $214,000. JPMorgan Chase & Co. raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 8,273.5% during the 4th quarter. JPMorgan Chase & Co. now owns 31,317 shares of the company’s stock valued at $1,538,000 after acquiring an additional 30,943 shares in the last quarter. Finally, Southstate Corp bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter valued at approximately $241,000.
About the iShares Broad USD Investment Grade Corporate Bond ETF
(Get Rating)
The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund 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 January 5, 2007 and is managed by BlackRock.
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