Short Interest in iShares USD Green Bond ETF (NASDAQ:BGRN) Expands By 43.8%

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 27,600 shares, an increase of 43.8% from the March 15th total of 19,199 shares. Based on an average daily trading volume, of 55,101 shares, the short-interest ratio is currently 0.5 days. Currently, 0.3% of the company’s shares are short sold.

Institutional Trading of iShares USD Green Bond ETF

Several hedge funds have recently modified their holdings of BGRN. NewEdge Advisors LLC raised its stake in shares of iShares USD Green Bond ETF by 26.8% in the first quarter. NewEdge Advisors LLC now owns 10,610 shares of the company’s stock valued at $502,000 after acquiring an additional 2,242 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of iShares USD Green Bond ETF in the first quarter valued at $1,394,000. CW Advisors LLC raised its stake in shares of iShares USD Green Bond ETF by 21.8% in the second quarter. CW Advisors LLC now owns 5,423 shares of the company’s stock valued at $259,000 after acquiring an additional 972 shares in the last quarter. Raymond James Financial Inc. raised its stake in shares of iShares USD Green Bond ETF by 107.1% in the second quarter. Raymond James Financial Inc. now owns 68,389 shares of the company’s stock valued at $3,260,000 after acquiring an additional 35,370 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in shares of iShares USD Green Bond ETF by 16.1% in the second quarter. Bank of America Corp DE now owns 299,337 shares of the company’s stock valued at $14,269,000 after acquiring an additional 41,531 shares in the last quarter.

iShares USD Green Bond ETF Trading Down 0.0%

Shares of BGRN traded down $0.02 during midday trading on Thursday, hitting $47.66. 10,049 shares of the stock were exchanged, compared to its average volume of 29,121. iShares USD Green Bond ETF has a 52-week low of $46.52 and a 52-week high of $48.52. The stock has a fifty day simple moving average of $47.76 and a 200 day simple moving average of $47.96.

iShares USD Green Bond ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Tuesday, April 7th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.1666 per share. The ex-dividend date was Wednesday, April 1st.

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. BGRN was launched on Nov 13, 2018 and is managed by BlackRock.