iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Growth in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,130,000 shares, a growth of 51.7% from the September 15th total of 744,700 shares. Based on an average daily trading volume, of 976,200 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Independence Bank of Kentucky acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter worth about $34,000. Versant Capital Management Inc purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth approximately $44,000. Richardson Financial Services Inc. acquired a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 4th quarter valued at $67,000. Lynx Investment Advisory purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter valued at $140,000. Finally, Financial Management Professionals Inc. acquired a new stake in iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter worth $226,000.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.2 %

Shares of NASDAQ:USIG traded down $0.08 during midday trading on Monday, reaching $51.66. 238,054 shares of the company’s stock traded hands, compared to its average volume of 1,055,894. The company has a fifty day simple moving average of $52.10 and a two-hundred day simple moving average of $50.89. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $46.70 and a 1 year high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.1913 per share. The ex-dividend date of this dividend was Tuesday, September 3rd.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.