Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Increases By 190.7%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,949,917 shares, an increase of 190.7% from the July 30th total of 670,692 shares. Based on an average daily volume of 1,838,148 shares, the short-interest ratio is presently 1.1 days. Currently, 0.6% of the shares of the company are sold short.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 21.0% in the second quarter. Ameriprise Financial Inc. now owns 9,978,176 shares of the company’s stock worth $509,873,000 after buying an additional 1,735,043 shares in the last quarter. TIAA Trust National Association grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 4.1% during the fourth quarter. TIAA Trust National Association now owns 25,593,092 shares of the company’s stock valued at $1,327,404,000 after acquiring an additional 1,002,085 shares during the last quarter. Blue Edge Capital LLC purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the second quarter worth approximately $21,857,000. Strategic Investment Advisors MI raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% during the first quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock worth $21,856,000 after acquiring an additional 192,960 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,568,962 shares of the company’s stock worth $81,225,000 after acquiring an additional 115,328 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of USIG stock traded down $0.02 during trading on Thursday, reaching $50.49. 2,382,363 shares of the company’s stock traded hands, compared to its average volume of 2,476,516. The firm’s 50-day moving average is $50.63 and its 200 day moving average is $51.13. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $50.02 and a 1 year high of $52.72.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, August 6th. Investors of record on Monday, August 3rd were paid a dividend of $0.2064 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Monday, August 3rd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.20.

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.