Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Declines By 51.1%

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 635,800 shares, a decline of 51.1% from the February 28th total of 1,300,000 shares. Based on an average daily trading volume, of 916,200 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.9% of the company’s stock are sold short.

iShares Fallen Angels USD Bond ETF Trading Down 0.1 %

NASDAQ:FALN traded down $0.04 during mid-day trading on Friday, reaching $26.78. The stock had a trading volume of 688,068 shares, compared to its average volume of 755,635. The business’s 50 day moving average is $26.97 and its 200 day moving average is $27.02. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $25.90 and a fifty-two week high of $27.43.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1372 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Virtue Capital Management LLC increased its position in iShares Fallen Angels USD Bond ETF by 0.6% during the third quarter. Virtue Capital Management LLC now owns 70,213 shares of the company’s stock worth $1,920,000 after buying an additional 401 shares during the last quarter. Kingsview Wealth Management LLC increased its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.1% during the 3rd quarter. Kingsview Wealth Management LLC now owns 19,733 shares of the company’s stock valued at $540,000 after acquiring an additional 415 shares during the last quarter. FOCUS Wealth Advisors LLC raised its stake in shares of iShares Fallen Angels USD Bond ETF by 0.8% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock valued at $1,808,000 after acquiring an additional 534 shares in the last quarter. Sequent Planning LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 5.0% in the 4th quarter. Sequent Planning LLC now owns 11,233 shares of the company’s stock worth $300,000 after purchasing an additional 536 shares during the last quarter. Finally, Principal Securities Inc. boosted its position in iShares Fallen Angels USD Bond ETF by 1.3% during the fourth quarter. Principal Securities Inc. now owns 41,515 shares of the company’s stock worth $1,109,000 after purchasing an additional 550 shares during the period.

iShares Fallen Angels USD Bond ETF Company Profile

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.