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Short Interest in IShares ESG 1-5 Year USD Corporate Bond ETF (NASDAQ:SUSB) Decreases By 36.8%

Defense World ·  Mar 28, 2023 13:23

iShares ESG 1-5 Year USD Corporate Bond ETF (NASDAQ:SUSB – Get Rating) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 74,300 shares, a drop of 36.8% from the February 28th total of 117,600 shares. Based on an average daily trading volume, of 246,800 shares, the days-to-cover ratio is presently 0.3 days.

iShares ESG 1-5 Year USD Corporate Bond ETF Price Performance

SUSB stock opened at $23.97 on Tuesday. iShares ESG 1-5 Year USD Corporate Bond ETF has a twelve month low of $23.18 and a twelve month high of $24.75. The business's 50-day simple moving average is $23.92 and its 200 day simple moving average is $23.75.

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iShares ESG 1-5 Year USD Corporate Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Tuesday, March 7th. Investors of record on Thursday, March 2nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Wednesday, March 1st. This is an increase from iShares ESG 1-5 Year USD Corporate Bond ETF's previous monthly dividend of $0.05. This represents a $0.60 dividend on an annualized basis and a yield of 2.50%.

Institutional Investors Weigh In On iShares ESG 1-5 Year USD Corporate Bond ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Private Ocean LLC boosted its holdings in iShares ESG 1-5 Year USD Corporate Bond ETF by 1.7% during the third quarter. Private Ocean LLC now owns 1,165,903 shares of the company's stock valued at $27,387,000 after purchasing an additional 19,015 shares in the last quarter. PFS Investments Inc. boosted its holdings in iShares ESG 1-5 Year USD Corporate Bond ETF by 108.9% during the fourth quarter. PFS Investments Inc. now owns 712,569 shares of the company's stock valued at $16,938,000 after purchasing an additional 371,518 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in iShares ESG 1-5 Year USD Corporate Bond ETF by 89.6% during the fourth quarter. Baird Financial Group Inc. now owns 373,143 shares of the company's stock valued at $8,870,000 after purchasing an additional 176,387 shares in the last quarter. ST Germain D J Co. Inc. boosted its holdings in iShares ESG 1-5 Year USD Corporate Bond ETF by 114.6% during the fourth quarter. ST Germain D J Co. Inc. now owns 263,439 shares of the company's stock valued at $3,084,000 after purchasing an additional 140,681 shares in the last quarter. Finally, One Capital Management LLC boosted its holdings in iShares ESG 1-5 Year USD Corporate Bond ETF by 1.3% during the fourth quarter. One Capital Management LLC now owns 161,392 shares of the company's stock valued at $3,836,000 after purchasing an additional 2,011 shares in the last quarter.

iShares ESG 1-5 Year USD Corporate Bond ETF Company Profile

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The iShares ESG 1-5 Year USD Corporate Bond ETF (SUSB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, short-term corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return of the Bloomberg US Corporate 1-5 years Index.

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