iShares USD Green Bond ETF (NASDAQ:BGRN) Short Interest Down 25.2% in June

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a large decline in short interest during the month of June. As of June 15th, there was short interest totalling 12,200 shares, a decline of 25.2% from the May 31st total of 16,300 shares. Based on an average trading volume of 24,600 shares, the days-to-cover ratio is currently 0.5 days.

iShares USD Green Bond ETF Price Performance

Shares of NASDAQ BGRN traded down $0.20 during trading on Friday, reaching $46.54. The stock had a trading volume of 7,669 shares, compared to its average volume of 24,241. iShares USD Green Bond ETF has a one year low of $44.18 and a one year high of $47.36. The firm’s 50 day moving average price is $46.44 and its two-hundred day moving average price is $46.63.

iShares USD Green Bond ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Investors of record on Monday, June 3rd were given a dividend of $0.1563 per share. The ex-dividend date of this dividend was Monday, June 3rd. This represents a $1.88 dividend on an annualized basis and a yield of 4.03%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Francis Financial Inc. boosted its position in iShares USD Green Bond ETF by 24.5% during the 4th quarter. Francis Financial Inc. now owns 207,858 shares of the company’s stock valued at $9,817,000 after purchasing an additional 40,912 shares during the period. Lido Advisors LLC boosted its position in iShares USD Green Bond ETF by 86.7% during the 3rd quarter. Lido Advisors LLC now owns 15,368 shares of the company’s stock valued at $694,000 after purchasing an additional 7,137 shares during the period. Aprio Wealth Management LLC boosted its position in iShares USD Green Bond ETF by 4.2% during the 4th quarter. Aprio Wealth Management LLC now owns 11,713 shares of the company’s stock valued at $553,000 after purchasing an additional 470 shares during the period. Kestra Private Wealth Services LLC boosted its position in iShares USD Green Bond ETF by 5.5% during the 4th quarter. Kestra Private Wealth Services LLC now owns 7,378 shares of the company’s stock worth $348,000 after acquiring an additional 385 shares during the period. Finally, Elevated Capital Advisors LLC acquired a new position in iShares USD Green Bond ETF during the 1st quarter worth $226,000.

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.