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

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totalling 12,200 shares, a decline of 25.2% from the May 31st total of 16,300 shares. Based on an average trading volume of 24,600 shares, the days-to-cover ratio is currently 0.5 days.

iShares USD Green Bond ETF Stock Down 0.6 %

iShares USD Green Bond ETF stock traded down $0.27 during trading on Monday, reaching $46.27. The stock had a trading volume of 19,409 shares, compared to its average volume of 24,202. iShares USD Green Bond ETF has a 52-week low of $44.18 and a 52-week high of $47.36. The business has a 50 day moving average price of $46.44 and a 200 day moving average price of $46.63.

iShares USD Green Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were paid a $0.1563 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 4.05%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its stake in iShares USD Green Bond ETF by 1.3% in the fourth quarter. Franklin Resources Inc. now owns 17,320 shares of the company’s stock worth $818,000 after acquiring an additional 220 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of iShares USD Green Bond ETF by 5.5% in the 4th quarter. Kestra Private Wealth Services LLC now owns 7,378 shares of the company’s stock valued at $348,000 after acquiring an additional 385 shares during the period. Aprio Wealth Management LLC grew its position in iShares USD Green Bond ETF by 4.2% in the 4th quarter. Aprio Wealth Management LLC now owns 11,713 shares of the company’s stock valued at $553,000 after buying an additional 470 shares during the last quarter. Morton Brown Family Wealth LLC grew its position in iShares USD Green Bond ETF by 30.3% in the 1st quarter. Morton Brown Family Wealth LLC now owns 2,119 shares of the company’s stock valued at $99,000 after buying an additional 493 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in iShares USD Green Bond ETF by 3.3% in the 4th quarter. Vontobel Holding Ltd. now owns 15,905 shares of the company’s stock valued at $751,000 after buying an additional 502 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.