iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Rating) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totalling 193,300 shares, a decline of 31.2% from the March 31st total of 280,800 shares. Based on an average trading volume of 1,141,400 shares, the days-to-cover ratio is presently 0.2 days.
iShares Broad USD Investment Grade Corporate Bond ETF Price Performance
Shares of USIG opened at $50.89 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $46.47 and a 12-month high of $53.01. The firm has a 50-day moving average price of $50.61 and a 200 day moving average price of $50.34.
Get iShares Broad USD Investment Grade Corporate Bond ETF alerts:iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend
The company also recently declared a monthly dividend, which was paid on Friday, April 7th. Stockholders of record on Tuesday, April 4th were paid a $0.158 dividend. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF's previous monthly dividend of $0.15. The ex-dividend date was Monday, April 3rd. This represents a $1.90 annualized dividend and a dividend yield of 3.73%.
Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF
A number of hedge funds and other institutional investors have recently made changes to their positions in USIG. Janney Montgomery Scott LLC grew its position in iShares Broad USD Investment Grade Corporate Bond ETF by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 474,058 shares of the company's stock worth $24,016,000 after acquiring an additional 27,507 shares during the period. Manning & Napier Group LLC lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 0.3% in the 1st quarter. Manning & Napier Group LLC now owns 457,839 shares of the company's stock valued at $23,194,000 after purchasing an additional 1,210 shares during the last quarter. Global Wealth Strategies & Associates purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 4th quarter worth $5,083,000. Fisher Asset Management LLC increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 60.4% during the 4th quarter. Fisher Asset Management LLC now owns 95,871 shares of the company's stock worth $4,708,000 after purchasing an additional 36,116 shares during the last quarter. Finally, Arden Trust Co raised its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 7.8% in the 1st quarter. Arden Trust Co now owns 92,862 shares of the company's stock valued at $4,704,000 after buying an additional 6,737 shares during the period.
iShares Broad USD Investment Grade Corporate Bond ETF Company Profile
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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.
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