iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Large Increase in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 1,130,000 shares, a growth of 51.7% from the September 15th total of 744,700 shares. Based on an average daily trading volume, of 976,200 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Large investors have recently bought and sold shares of the stock. TIAA Trust National Association grew its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.3% during the second quarter. TIAA Trust National Association now owns 4,727,212 shares of the company’s stock worth $237,353,000 after buying an additional 1,582,867 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in iShares Broad USD Investment Grade Corporate Bond ETF in the second quarter worth approximately $24,068,000. Trivant Custom Portfolio Group LLC grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 93.5% during the 3rd quarter. Trivant Custom Portfolio Group LLC now owns 160,181 shares of the company’s stock worth $8,422,000 after acquiring an additional 77,404 shares in the last quarter. ST Germain D J Co. Inc. increased its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 86.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 159,142 shares of the company’s stock valued at $8,080,000 after purchasing an additional 73,698 shares during the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.3% in the 2nd quarter. Crestwood Advisors Group LLC now owns 203,320 shares of the company’s stock valued at $10,209,000 after purchasing an additional 29,929 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.0 %

NASDAQ:USIG traded up $0.01 on Friday, reaching $51.74. 920,515 shares of the company’s stock were exchanged, compared to its average volume of 1,060,065. iShares Broad USD Investment Grade Corporate Bond ETF has a 52-week low of $46.70 and a 52-week high of $52.94. The business has a fifty day moving average of $52.10 and a 200-day moving average of $50.89.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were issued a $0.1913 dividend. The ex-dividend date was Tuesday, September 3rd.

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.