Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Drops By 93.6%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 35,827 shares, a decrease of 93.6% from the May 31st total of 555,816 shares. Based on an average trading volume of 1,338,757 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of institutional investors have recently modified their holdings of FALN. Root Financial Partners LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 6.1% in the 1st quarter. Root Financial Partners LLC now owns 6,477 shares of the company’s stock worth $173,000 after buying an additional 375 shares during the period. L.K. Benson & Company P.C. lifted its position in shares of iShares Fallen Angels USD Bond ETF by 1.9% during the fourth quarter. L.K. Benson & Company P.C. now owns 20,493 shares of the company’s stock worth $559,000 after acquiring an additional 390 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after acquiring an additional 428 shares in the last quarter. Exchange Bank boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 1.8% in the fourth quarter. Exchange Bank now owns 26,854 shares of the company’s stock worth $733,000 after acquiring an additional 464 shares during the period. Finally, Intergy Private Wealth LLC grew its position in shares of iShares Fallen Angels USD Bond ETF by 5.1% in the first quarter. Intergy Private Wealth LLC now owns 9,685 shares of the company’s stock valued at $259,000 after purchasing an additional 468 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Trading Up 0.1%

iShares Fallen Angels USD Bond ETF stock traded up $0.04 during midday trading on Thursday, reaching $27.22. The stock had a trading volume of 812,380 shares, compared to its average volume of 1,197,784. iShares Fallen Angels USD Bond ETF has a 12 month low of $26.37 and a 12 month high of $27.79. The firm’s 50-day moving average price is $27.08 and its 200 day moving average price is $27.20.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were given a $0.1491 dividend. This represents a c) annualized dividend and a dividend yield of 6.6%. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, June 1st.

About iShares Fallen Angels USD Bond ETF

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.