iShares USD Green Bond ETF (NASDAQ:BGRN) Short Interest Up 313.3% in November

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 18,600 shares, a growth of 313.3% from the October 31st total of 4,500 shares. Based on an average daily volume of 24,500 shares, the days-to-cover ratio is presently 0.8 days.

Hedge Funds Weigh In On iShares USD Green Bond ETF

Large investors have recently made changes to their positions in the stock. Allworth Financial LP increased its holdings in shares of iShares USD Green Bond ETF by 93.2% in the 3rd quarter. Allworth Financial LP now owns 655 shares of the company’s stock valued at $32,000 after purchasing an additional 316 shares in the last quarter. Richardson Financial Services Inc. grew its stake in iShares USD Green Bond ETF by 102.9% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,548 shares of the company’s stock valued at $73,000 after acquiring an additional 785 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in iShares USD Green Bond ETF in the 2nd quarter valued at about $207,000. Equita Financial Network Inc. acquired a new stake in iShares USD Green Bond ETF in the 2nd quarter valued at about $221,000. Finally, First National Corp MA ADV acquired a new stake in iShares USD Green Bond ETF in the 3rd quarter valued at about $249,000.

iShares USD Green Bond ETF Stock Performance

Shares of BGRN traded up $0.16 during trading hours on Thursday, reaching $47.48. The company had a trading volume of 11,437 shares, compared to its average volume of 24,145. The firm has a 50 day simple moving average of $47.57 and a 200-day simple moving average of $47.30. iShares USD Green Bond ETF has a 12-month low of $45.67 and a 12-month high of $48.54.

iShares USD Green Bond ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Stockholders of record on Friday, November 1st were issued a $0.1633 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.96 dividend on an annualized basis and a dividend yield of 4.13%.

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.