iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Large Decline in Short Interest

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a significant drop in short interest during the month of February. As of February 15th, there was short interest totalling 464,700 shares, a drop of 54.0% from the January 31st total of 1,010,000 shares. Based on an average trading volume of 847,000 shares, the short-interest ratio is currently 0.5 days.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

Several large investors have recently modified their holdings of the business. Private Advisor Group LLC increased its position in shares of iShares Fallen Angels USD Bond ETF by 70.6% during the third quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock worth $468,000 after buying an additional 7,092 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 3.2% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 35,495 shares of the company’s stock valued at $970,000 after purchasing an additional 1,106 shares during the period. Goldstone Financial Group LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF in the third quarter valued at approximately $259,000. Farther Finance Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 156.8% in the third quarter. Farther Finance Advisors LLC now owns 8,717 shares of the company’s stock valued at $238,000 after purchasing an additional 5,322 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in iShares Fallen Angels USD Bond ETF by 16.7% during the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after acquiring an additional 6,957 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock traded up $0.09 during trading hours on Friday, hitting $27.14. 746,915 shares of the company’s stock traded hands, compared to its average volume of 909,321. The stock’s 50 day simple moving average is $26.92 and its 200 day simple moving average is $27.04. iShares Fallen Angels USD Bond ETF has a 12 month low of $25.90 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were paid a dividend of $0.1433 per share. The ex-dividend date of this dividend was Monday, February 3rd. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

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.