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

iShares Core Total USD Bond Market ETF (NASDAQ:IUSB) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 1,482,195 shares, a decrease of 71.5% from the August 31st total of 5,197,294 shares. Based on an average trading volume of 4,540,911 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the stock are short sold.

iShares Core Total USD Bond Market ETF Stock Performance

Shares of NASDAQ:IUSB traded down $0.24 during trading hours on Monday, hitting $44.16. 4,692,670 shares of the company’s stock traded hands, compared to its average volume of 5,008,843. The company’s fifty day simple moving average is $45.28 and its two-hundred day simple moving average is $45.80. The company has a market cap of $46.25 billion, a price-to-earnings ratio of 10.80 and a beta of 0.26. iShares Core Total USD Bond Market ETF has a 52 week low of $44.09 and a 52 week high of $47.23.

iShares Core Total USD Bond Market ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, September 4th. Investors of record on Tuesday, September 1st were paid a dividend of $0.1680 per share. This is a drop from iShares Core Total USD Bond Market ETF’s previous dividend of $0.1686. The ex-dividend date of this dividend was Tuesday, September 1st.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. lifted its position in shares of iShares Core Total USD Bond Market ETF by 35.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 180,016,371 shares of the company’s stock valued at $8,307,768,000 after acquiring an additional 46,935,169 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of iShares Core Total USD Bond Market ETF by 2.9% during the fourth quarter. Wells Fargo & Company MN now owns 47,946,578 shares of the company’s stock worth $2,231,434,000 after purchasing an additional 1,331,490 shares during the period. LPL Financial LLC raised its position in shares of iShares Core Total USD Bond Market ETF by 2.2% during the fourth quarter. LPL Financial LLC now owns 45,507,455 shares of the company’s stock worth $2,117,917,000 after purchasing an additional 966,130 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of iShares Core Total USD Bond Market ETF by 10.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,421,651 shares of the company’s stock worth $1,542,409,000 after purchasing an additional 3,083,604 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of iShares Core Total USD Bond Market ETF by 35.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,937,298 shares of the company’s stock valued at $781,656,000 after purchasing an additional 4,399,948 shares during the last quarter.

iShares Core Total USD Bond Market ETF Company Profile

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.