Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Rises By 22.8%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 105,763 shares, an increase of 22.8% from the February 26th total of 86,124 shares. Based on an average trading volume of 1,560,233 shares, the short-interest ratio is presently 0.1 days. Currently, 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Global Retirement Partners LLC lifted its position in iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after acquiring an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter valued at about $30,000. CoreCap Advisors LLC increased its stake in shares of iShares Fallen Angels USD Bond ETF by 72.4% in 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 during the period. Golden State Wealth Management LLC lifted its position 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 worth $40,000 after purchasing an additional 693 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $55,000.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ FALN traded up $0.04 on Monday, reaching $26.45. The stock had a trading volume of 2,666,686 shares, compared to its average volume of 1,286,775. The business has a 50 day moving average price of $27.27 and a 200 day moving average price of $27.41. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.82 and a 1 year high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were paid a $0.1506 dividend. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend was Monday, March 2nd. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.15.

iShares Fallen Angels USD Bond ETF Company Profile

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.