Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Declines By 84.8%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 90,458 shares, a decrease of 84.8% from the April 15th total of 594,041 shares. Based on an average daily volume of 719,413 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of hedge funds have recently bought and sold shares of FALN. Global Retirement Partners LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock worth $28,000 after purchasing an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth approximately $30,000. CoreCap Advisors LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 72.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,179 shares of the company’s stock worth $33,000 after purchasing an additional 495 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 94.2% during the 3rd quarter. Golden State Wealth Management LLC now owns 1,429 shares of the company’s stock worth $40,000 after purchasing an additional 693 shares during the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the 1st quarter worth approximately $53,000.

iShares Fallen Angels USD Bond ETF Stock Down 0.1%

Shares of FALN traded down $0.03 during mid-day trading on Wednesday, hitting $26.95. 740,718 shares of the company were exchanged, compared to its average volume of 1,207,552. iShares Fallen Angels USD Bond ETF has a 1-year low of $26.25 and a 1-year high of $27.79. The company has a 50 day moving average of $26.97 and a 200-day moving average of $27.28.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 6th. Investors of record on Friday, May 1st were given a dividend of $0.1516 per share. The ex-dividend date was Friday, May 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.