iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Large Drop in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 21,065 shares, a decrease of 48.1% from the January 15th total of 40,591 shares. Based on an average daily volume of 23,425 shares, the short-interest ratio is presently 0.9 days. Currently, 0.2% of the shares of the stock are short sold. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 23,425 shares, the short-interest ratio is presently 0.9 days.

iShares USD Green Bond ETF Price Performance

Shares of BGRN stock opened at $48.03 on Thursday. The business’s 50-day moving average price is $47.98 and its 200-day moving average price is $48.01. iShares USD Green Bond ETF has a 12 month low of $46.15 and a 12 month high of $48.52.

iShares USD Green Bond ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were given a dividend of $0.1697 per share. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a yield of 4.2%.

Hedge Funds Weigh In On iShares USD Green Bond ETF

Large investors have recently modified their holdings of the business. Principal Securities Inc. grew its stake in shares of iShares USD Green Bond ETF by 25.8% in the fourth quarter. Principal Securities Inc. now owns 13,684 shares of the company’s stock worth $656,000 after purchasing an additional 2,809 shares during the last quarter. GWN Securities Inc. acquired a new position in iShares USD Green Bond ETF during the 4th quarter worth about $232,000. LPL Financial LLC grew its position in shares of iShares USD Green Bond ETF by 6.9% in the 4th quarter. LPL Financial LLC now owns 168,609 shares of the company’s stock valued at $8,082,000 after buying an additional 10,929 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of iShares USD Green Bond ETF by 1.4% in the fourth quarter. Franklin Resources Inc. now owns 18,811 shares of the company’s stock valued at $902,000 after buying an additional 262 shares during the period. Finally, Johnson Financial Group LLC raised its position in shares of iShares USD Green Bond ETF by 16.5% during the fourth quarter. Johnson Financial Group LLC now owns 16,340 shares of the company’s stock worth $783,000 after acquiring an additional 2,312 shares during the last quarter.

About iShares USD Green Bond ETF

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.