iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Down 63.1% in March

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 281,600 shares, a drop of 63.1% from the February 29th total of 764,100 shares. Based on an average daily trading volume, of 1,197,000 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of USIG. TIAA Trust National Association raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 18.5% in the fourth quarter. TIAA Trust National Association now owns 2,694,172 shares of the company’s stock worth $138,238,000 after acquiring an additional 421,296 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 7.5% during the 3rd quarter. Ameriprise Financial Inc. now owns 2,407,596 shares of the company’s stock worth $115,768,000 after purchasing an additional 168,236 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% during the third quarter. Bank of New York Mellon Corp now owns 1,854,767 shares of the company’s stock worth $89,159,000 after buying an additional 245,598 shares in the last quarter. One Capital Management LLC raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 13.5% in the third quarter. One Capital Management LLC now owns 602,925 shares of the company’s stock valued at $28,983,000 after buying an additional 71,794 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 476,938 shares of the company’s stock valued at $22,926,000 after buying an additional 9,485 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Down 0.1 %

iShares Broad USD Investment Grade Corporate Bond ETF stock opened at $50.77 on Friday. The firm’s 50-day simple moving average is $50.56 and its 200 day simple moving average is $49.61. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $46.70 and a 52 week high of $51.50.

iShares Broad USD Investment Grade Corporate Bond ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were paid a dividend of $0.184 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.21 dividend on an annualized basis and a dividend yield of 4.35%.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.