iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Down 21.0% in January

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 1,062,287 shares, a drop of 21.0% from the January 15th total of 1,344,624 shares. Based on an average daily trading volume, of 2,005,995 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 2,005,995 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several hedge funds have recently modified their holdings of the business. YANKCOM Partnership bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth approximately $32,000. Thompson Investment Management Inc. bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter valued at $38,000. CoreCap Advisors LLC boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 206.2% in the 3rd quarter. CoreCap Advisors LLC now owns 741 shares of the company’s stock valued at $39,000 after purchasing an additional 499 shares in the last quarter. Trust Co. of Vermont boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 184.7% in the 3rd quarter. Trust Co. of Vermont now owns 874 shares of the company’s stock valued at $46,000 after purchasing an additional 567 shares in the last quarter. Finally, Pinnacle Bancorp Inc. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter worth about $66,000.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.1%

USIG stock traded up $0.03 during mid-day trading on Tuesday, reaching $52.33. 1,735,945 shares of the stock traded hands, compared to its average volume of 2,417,569. The business has a 50-day moving average of $51.92 and a two-hundred day moving average of $51.99. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $49.10 and a 52 week high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were issued a $0.194 dividend. The ex-dividend date of this dividend was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.4%.

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.