iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 840.1% in May

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a significant increase in short interest in May. As of May 29th, there was short interest totaling 555,816 shares, an increase of 840.1% from the May 14th total of 59,124 shares. Based on an average daily trading volume, of 1,433,975 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the shares of the stock are short sold.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of institutional investors have recently bought and sold shares of FALN. Wellington Grp LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the first quarter worth $26,000. Global Retirement Partners LLC boosted its position in iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter worth $30,000. RMG Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter worth $31,000. Finally, CoreCap Advisors LLC raised its holdings in shares of iShares Fallen Angels USD Bond ETF by 46.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after acquiring an additional 547 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Stock Up 0.6%

Shares of iShares Fallen Angels USD Bond ETF stock traded up $0.17 during trading on Thursday, reaching $27.06. The company’s stock had a trading volume of 867,708 shares, compared to its average volume of 1,218,884. The business has a 50 day moving average price of $27.03 and a 200-day moving average price of $27.22. iShares Fallen Angels USD Bond ETF has a 12-month low of $26.37 and a 12-month high of $27.79.

iShares Fallen Angels USD Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were given a dividend of $0.1491 per share. The ex-dividend date was Monday, June 1st. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a c) dividend on an annualized basis and a yield of 6.6%.

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.