iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Significant Growth in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a large growth in short interest in May. As of May 29th, there was short interest totaling 66,033 shares, a growth of 142.3% from the May 14th total of 27,254 shares. Based on an average daily volume of 26,340 shares, the days-to-cover ratio is presently 2.5 days. Currently, 0.7% of the shares of the company are short sold.

Institutional Investors Weigh In On iShares USD Green Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP boosted its holdings in iShares USD Green Bond ETF by 429.4% in the 4th quarter. Allworth Financial LP now owns 630 shares of the company’s stock valued at $30,000 after purchasing an additional 511 shares in the last quarter. Lodestone Wealth Management LLC purchased a new stake in iShares USD Green Bond ETF in the 4th quarter valued at approximately $31,000. Robinswood Financial LLC purchased a new stake in iShares USD Green Bond ETF in the 1st quarter valued at approximately $31,000. WFA of San Diego LLC purchased a new stake in iShares USD Green Bond ETF in the 2nd quarter valued at approximately $64,000. Finally, Advisory Services Network LLC purchased a new stake in shares of iShares USD Green Bond ETF during the 3rd quarter worth approximately $85,000.

iShares USD Green Bond ETF Price Performance

BGRN traded down $0.02 during trading on Friday, reaching $47.41. The company’s stock had a trading volume of 16,934 shares, compared to its average volume of 28,602. iShares USD Green Bond ETF has a 52-week low of $46.96 and a 52-week high of $48.52. The company’s fifty day moving average price is $47.44 and its 200-day moving average price is $47.76.

iShares USD Green Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, June 1st were issued a $0.1725 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 4.4%. This is a boost from iShares USD Green Bond ETF’s previous monthly dividend of $0.17.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.