iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant decline in short interest in February. As of February 15th, there was short interest totalling 460,500 shares, a decline of 18.9% from the January 31st total of 568,100 shares. Based on an average trading volume of 1,015,600 shares, the short-interest ratio is presently 0.5 days.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ USIG opened at $51.08 on Thursday. The stock’s 50 day moving average is $50.52 and its 200 day moving average is $51.24. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.08 and a twelve month high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be issued a $0.196 dividend. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date is Monday, March 3rd.

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

A number of large investors have recently added to or reduced their stakes in the stock. AdvisorNet Financial Inc increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $31,000 after buying an additional 208 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth about $38,000. Murphy & Mullick Capital Management Corp purchased a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth about $49,000. Sunbelt Securities Inc. boosted its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% during the third quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock valued at $68,000 after buying an additional 827 shares during the last quarter. Finally, Richardson Financial Services Inc. increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% in the 4th quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock worth $90,000 after acquiring an additional 400 shares during the last quarter.

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.