iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totaling 1,560,531 shares, a growth of 63.4% from the March 31st total of 954,868 shares. Based on an average trading volume of 2,431,210 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the shares of the stock are short sold.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG opened at $51.41 on Wednesday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $49.89 and a 1-year high of $52.72. The business has a 50 day moving average price of $51.52 and a two-hundred day moving average price of $51.85.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were paid a $0.1991 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Wednesday, April 1st.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Ameriprise Financial Inc. raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% in the third quarter. Ameriprise Financial Inc. now owns 11,508,464 shares of the company’s stock worth $579,811,000 after acquiring an additional 1,530,288 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,422,206 shares of the company’s stock valued at $74,268,000 after purchasing an additional 45,662 shares in the last quarter. Runnymede Capital Advisors Inc. bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter valued at about $9,061,000. Crestwood Advisors Group LLC grew its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 18.0% in the 3rd quarter. Crestwood Advisors Group LLC now owns 537,199 shares of the company’s stock worth $28,053,000 after purchasing an additional 81,924 shares during the last quarter. Finally, Bessemer Group Inc. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the 3rd quarter worth approximately $774,000.

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.