iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 90,458 shares, a drop of 84.8% from the April 15th total of 594,041 shares. Based on an average daily volume of 719,413 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ FALN traded down $0.07 during trading hours on Tuesday, reaching $26.97. The stock had a trading volume of 1,020,644 shares, compared to its average volume of 1,211,243. iShares Fallen Angels USD Bond ETF has a 52-week low of $26.25 and a 52-week high of $27.79. The stock has a fifty day moving average of $26.99 and a 200 day moving average of $27.29.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, May 6th. Stockholders of record on Friday, May 1st were issued a $0.1516 dividend. The ex-dividend date of this dividend was Friday, May 1st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Insight Advisors LLC PA boosted its holdings in iShares Fallen Angels USD Bond ETF by 2.2% in the first quarter. Insight Advisors LLC PA now owns 46,210 shares of the company’s stock valued at $1,235,000 after purchasing an additional 975 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of iShares Fallen Angels USD Bond ETF by 6.2% in the first quarter. PNC Financial Services Group Inc. now owns 76,294 shares of the company’s stock worth $2,039,000 after buying an additional 4,475 shares during the last quarter. Scarborough Advisors LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 2.1% during the first quarter. Scarborough Advisors LLC now owns 273,741 shares of the company’s stock worth $7,314,000 after acquiring an additional 5,719 shares during the period. AlphaCentric Advisors LLC grew its holdings in iShares Fallen Angels USD Bond ETF by 13.9% during the first quarter. AlphaCentric Advisors LLC now owns 11,668 shares of the company’s stock worth $312,000 after acquiring an additional 1,423 shares during the period. Finally, Assetmark Inc. raised its position in iShares Fallen Angels USD Bond ETF by 15.7% during the first quarter. Assetmark Inc. now owns 167,214 shares of the company’s stock valued at $4,468,000 after acquiring an additional 22,661 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.