iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) Short Interest Update

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) was the target of a large growth in short interest during the month of May. As of May 29th, there was short interest totaling 38,415,571 shares, a growth of 1,183.2% from the May 14th total of 2,993,656 shares. Based on an average trading volume of 19,037,225 shares, the days-to-cover ratio is currently 2.0 days. Approximately 4.9% of the company’s shares are short sold.

iShares Core Total USD Bond Market ETF Stock Up 0.1%

Shares of IUSB traded up $0.06 during midday trading on Thursday, reaching $45.88. The company had a trading volume of 2,549,575 shares, compared to its average volume of 4,687,121. iShares Core Total USD Bond Market ETF has a 1-year low of $45.47 and a 1-year high of $47.23. The stock has a market cap of $36.30 billion, a PE ratio of 10.80 and a beta of 0.26. The firm has a 50 day simple moving average of $46.11 and a 200-day simple moving average of $46.45.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, June 1st were given a dividend of $0.1511 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st.

Institutional Trading of iShares Core Total USD Bond Market ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC increased its position in shares of iShares Core Total USD Bond Market ETF by 8.9% during the 1st quarter. NewEdge Advisors LLC now owns 3,087,463 shares of the company’s stock worth $142,610,000 after purchasing an additional 252,999 shares during the last quarter. Concorde Asset Management LLC increased its position in shares of iShares Core Total USD Bond Market ETF by 1.2% during the 1st quarter. Concorde Asset Management LLC now owns 102,539 shares of the company’s stock worth $4,736,000 after purchasing an additional 1,246 shares during the last quarter. Security Financial Services INC. increased its position in shares of iShares Core Total USD Bond Market ETF by 6.5% during the 1st quarter. Security Financial Services INC. now owns 210,078 shares of the company’s stock worth $9,704,000 after purchasing an additional 12,893 shares during the last quarter. Serenity Investment Advisors acquired a new stake in shares of iShares Core Total USD Bond Market ETF during the 1st quarter worth about $204,000. Finally, Wellington Grp LLC increased its position in shares of iShares Core Total USD Bond Market ETF by 947.5% during the 1st quarter. Wellington Grp LLC now owns 3,928 shares of the company’s stock worth $181,000 after purchasing an additional 3,553 shares during the last quarter.

About iShares Core Total USD Bond Market ETF

The iShares Core Total USD Bond Market ETF (IUSB) is an exchange-traded fund that is based on the Bloomberg U.S. Universal index. The fund tracks a broad Barclays index of USD-denominated taxable bonds. The index is market value weighted. IUSB was launched on Jun 10, 2014 and is managed by BlackRock.