iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 116.8% in April

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 471,200 shares, a growth of 116.8% from the March 31st total of 217,300 shares. Based on an average trading volume of 789,000 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Institutional investors have recently made changes to their positions in the company. Glass Jacobson Investment Advisors llc bought a new position in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth $27,000. SouthState Corp bought a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $30,000. Vermillion & White Wealth Management Group LLC bought a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $33,000. First Horizon Advisors Inc. grew its stake in iShares Fallen Angels USD Bond ETF by 120.7% during the 4th quarter. First Horizon Advisors Inc. now owns 2,079 shares of the company’s stock worth $55,000 after buying an additional 1,137 shares during the last quarter. Finally, Private Trust Co. NA grew its stake in iShares Fallen Angels USD Bond ETF by 19.6% during the 4th quarter. Private Trust Co. NA now owns 3,290 shares of the company’s stock worth $87,000 after buying an additional 540 shares during the last quarter.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of NASDAQ FALN traded up $0.06 during trading on Friday, reaching $26.23. The stock had a trading volume of 525,150 shares, compared to its average volume of 779,859. iShares Fallen Angels USD Bond ETF has a one year low of $24.12 and a one year high of $26.92. The firm’s 50 day moving average price is $26.51 and its two-hundred day moving average price is $26.07.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.1692 dividend. The ex-dividend date was Monday, April 1st. This represents a $2.03 dividend on an annualized basis and a dividend yield of 7.74%.

iShares Fallen Angels USD Bond ETF Company Profile

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.