iShares USD Green Bond ETF (NASDAQ:BGRN) Shares Shorted: Short Interest Down 59.5% in September

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 4,335 shares, a drop of 59.5% from the September 15th total of 10,704 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 47,694 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of iShares USD Green Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Tanager Wealth Management LLP increased its holdings in iShares USD Green Bond ETF by 1.6% during the second quarter. Tanager Wealth Management LLP now owns 15,090 shares of the company’s stock valued at $716,000 after buying an additional 237 shares during the last quarter. Cardinal Point Capital Management ULC raised its position in iShares USD Green Bond ETF by 3.0% in the first quarter. Cardinal Point Capital Management ULC now owns 13,838 shares of the company’s stock worth $657,000 after acquiring an additional 402 shares during the period. Private Wealth Management Group LLC raised its position in iShares USD Green Bond ETF by 2.1% in the first quarter. Private Wealth Management Group LLC now owns 27,196 shares of the company’s stock worth $1,291,000 after acquiring an additional 548 shares during the period. Robinswood Financial LLC purchased a new position in shares of iShares USD Green Bond ETF during the 1st quarter worth $31,000. Finally, Continuum Advisory LLC boosted its stake in shares of iShares USD Green Bond ETF by 15.6% during the 2nd quarter. Continuum Advisory LLC now owns 5,176 shares of the company’s stock worth $246,000 after acquiring an additional 697 shares during the last quarter.

iShares USD Green Bond ETF Price Performance

Shares of NASDAQ BGRN traded up $0.01 during midday trading on Tuesday, hitting $45.70. 6,897 shares of the company’s stock traded hands, compared to its average volume of 32,414. The firm has a fifty day moving average of $46.41 and a 200 day moving average of $47.01. iShares USD Green Bond ETF has a 1 year low of $45.38 and a 1 year high of $48.52.

iShares USD Green Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were issued a $0.1742 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This is a positive change from iShares USD Green Bond ETF’s previous monthly dividend of $0.1679. This represents a $2.09 dividend on an annualized basis and a dividend yield of 4.6%.

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.