iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 166.2% in August

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 1,100,000 shares, a growth of 166.2% from the August 15th total of 413,300 shares. Based on an average daily volume of 628,100 shares, the days-to-cover ratio is presently 1.8 days.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter valued at $33,000. Asset Dedication LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at $34,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at $49,000. Strategic Financial Concepts LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 385.1% during the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after buying an additional 176,515 shares in the last quarter. Finally, Bell Investment Advisors Inc purchased a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at $87,000.

iShares Fallen Angels USD Bond ETF Trading Up 0.2 %

NASDAQ FALN opened at $27.20 on Friday. The company’s 50 day simple moving average is $26.81 and its two-hundred day simple moving average is $26.57. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $27.23.

iShares Fallen Angels USD Bond ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1348 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

About iShares Fallen Angels USD Bond ETF

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.