iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a significant growth in short interest in April. As of April 15th, there was short interest totalling 907,500 shares, a growth of 311.0% from the March 31st total of 220,800 shares. Based on an average daily trading volume, of 1,082,900 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several large investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 30.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,375 shares of the company’s stock worth $70,000 after acquiring an additional 321 shares during the last quarter. Clearbridge Investments LLC boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 3.7% during the 4th quarter. Clearbridge Investments LLC now owns 10,389 shares of the company’s stock valued at $533,000 after purchasing an additional 372 shares during the period. Arkadios Wealth Advisors boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 6.6% during the 4th quarter. Arkadios Wealth Advisors now owns 6,158 shares of the company’s stock valued at $316,000 after purchasing an additional 382 shares during the period. Private Trust Co. NA grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 19.9% in the 3rd quarter. Private Trust Co. NA now owns 2,713 shares of the company’s stock worth $130,000 after purchasing an additional 450 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 10.9% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 4,865 shares of the company’s stock valued at $249,000 after purchasing an additional 480 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.3 %

Shares of NASDAQ:USIG opened at $49.42 on Friday. The firm has a 50-day simple moving average of $50.18 and a 200 day simple moving average of $49.83. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $46.70 and a fifty-two week high of $51.50.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, April 5th. Investors of record on Tuesday, April 2nd were paid a dividend of $0.1853 per share. The ex-dividend date of this dividend was Monday, April 1st. This represents a $2.22 dividend on an annualized basis and a yield of 4.50%.

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.