iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 776.7% in January

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 980,544 shares, an increase of 776.7% from the December 31st total of 111,844 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 831,775 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 831,775 shares, the short-interest ratio is currently 1.2 days. Currently, 1.5% of the company’s stock are short sold.

iShares Fallen Angels USD Bond ETF Stock Down 0.1%

NASDAQ FALN traded down $0.02 during midday trading on Wednesday, hitting $27.58. 451,052 shares of the company traded hands, compared to its average volume of 725,004. iShares Fallen Angels USD Bond ETF has a 52 week low of $24.82 and a 52 week high of $27.79. The company’s 50-day simple moving average is $27.43 and its 200-day simple moving average is $27.38.

iShares Fallen Angels USD Bond ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, December 24th. Shareholders of record on Friday, December 19th were paid a $0.1466 dividend. This represents a c) annualized dividend and a yield of 6.4%. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15. The ex-dividend date was Friday, December 19th.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of institutional investors have recently modified their holdings of the company. Flagship Harbor Advisors LLC bought a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $30,000. Wolff Wiese Magana LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 86.9% in the second quarter. Wolff Wiese Magana LLC now owns 1,125 shares of the company’s stock worth $31,000 after purchasing an additional 523 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 72.4% during the third quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock valued at $40,000 after purchasing an additional 693 shares during the last quarter. Finally, Private Trust Co. NA boosted its position in shares of iShares Fallen Angels USD Bond ETF by 41.0% in the 2nd quarter. Private Trust Co. NA now owns 3,101 shares of the company’s stock worth $84,000 after purchasing an additional 901 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.