iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Shares Shorted: Short Interest Down 54.5% in September

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 741,019 shares, a decrease of 54.5% from the September 15th total of 1,629,949 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 2,180,948 shares, the short-interest ratio is presently 0.3 days.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Blue Edge Capital LLC bought a new stake in iShares Broad USD Investment Grade Corporate Bond ETF in the 2nd quarter worth approximately $21,857,000. Financial Avengers Inc. raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 23.6% during the 4th quarter. Financial Avengers Inc. now owns 90,019 shares of the company’s stock valued at $4,660,000 after buying an additional 17,194 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,583,035 shares of the company’s stock valued at $81,099,000 after buying an additional 14,073 shares during the period. Montecito Bank & Trust bought a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 3rd quarter valued at $718,000. Finally, Strategic Investment Advisors MI boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 82.5% in the 1st quarter. Strategic Investment Advisors MI now owns 426,907 shares of the company’s stock worth $21,856,000 after buying an additional 192,960 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.7%

Shares of NASDAQ USIG traded up $0.34 during trading on Thursday, reaching $49.20. The company had a trading volume of 1,265,902 shares, compared to its average volume of 2,452,663. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $48.30 and a 12-month high of $52.72. The business’s 50-day moving average is $49.65 and its 200 day moving average is $50.55.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Tuesday, October 6th. Investors of record on Thursday, October 1st were given a dividend of $0.2062 per share. This represents a $2.47 annualized dividend and a dividend yield of 5.0%. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.2041. The ex-dividend date of this dividend was Thursday, October 1st.

About iShares Broad USD Investment Grade Corporate Bond ETF

The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated, investment-grade corporate debt. USIG was launched on Jan 5, 2007 and is managed by BlackRock.