iShares USD Green Bond ETF (NASDAQ:BGRN) Stock Short Interest Drops 59.5%

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 4,335 shares, a decline of 59.5% from the September 15th total of 10,704 shares. Based on an average trading volume of 47,694 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in iShares USD Green Bond ETF in the 3rd quarter worth $2,133,000. Shotwell Rutter Baer Inc raised its holdings in iShares USD Green Bond ETF by 4.8% during the third quarter. Shotwell Rutter Baer Inc now owns 18,196 shares of the company’s stock valued at $830,000 after acquiring an additional 835 shares during the period. Midwest Financial Partners Investments Inc. raised its holdings in iShares USD Green Bond ETF by 14.3% during the third quarter. Midwest Financial Partners Investments Inc. now owns 21,619 shares of the company’s stock valued at $986,000 after acquiring an additional 2,698 shares during the period. Farther Finance Advisors LLC lifted its position in shares of iShares USD Green Bond ETF by 139.1% in the third quarter. Farther Finance Advisors LLC now owns 2,307 shares of the company’s stock valued at $105,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Hickory Point Bank & Trust purchased a new position in shares of iShares USD Green Bond ETF in the third quarter valued at about $50,000.

iShares USD Green Bond ETF Trading Up 0.4%

Shares of NASDAQ:BGRN traded up $0.20 during midday trading on Thursday, hitting $45.95. The company had a trading volume of 124,490 shares, compared to its average volume of 33,020. iShares USD Green Bond ETF has a 12-month low of $45.38 and a 12-month high of $48.52. The company has a fifty day moving average of $46.36 and a two-hundred day moving average of $46.99.

iShares USD Green Bond ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, September 4th. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.1742 per share. This is a boost from iShares USD Green Bond ETF’s previous monthly dividend of $0.1679. This represents a $2.09 annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, September 1st.

iShares USD Green Bond ETF Company Profile

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.