iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Large Growth in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 18,600 shares, a growth of 313.3% from the October 31st total of 4,500 shares. Based on an average trading volume of 24,500 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in BGRN. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares USD Green Bond ETF by 2.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 35,535 shares of the company’s stock valued at $1,654,000 after buying an additional 831 shares in the last quarter. Shotwell Rutter Baer Inc bought a new position in iShares USD Green Bond ETF in the 2nd quarter valued at about $617,000. JFG Wealth Management LLC lifted its position in iShares USD Green Bond ETF by 9.1% in the 2nd quarter. JFG Wealth Management LLC now owns 6,080 shares of the company’s stock valued at $283,000 after acquiring an additional 509 shares in the last quarter. Creative Planning boosted its stake in iShares USD Green Bond ETF by 18.1% during the 2nd quarter. Creative Planning now owns 113,001 shares of the company’s stock valued at $5,259,000 after purchasing an additional 17,308 shares during the last quarter. Finally, Equita Financial Network Inc. bought a new stake in iShares USD Green Bond ETF during the 2nd quarter worth approximately $221,000.

iShares USD Green Bond ETF Price Performance

Shares of NASDAQ BGRN traded up $0.16 during trading on Wednesday, hitting $47.48. 11,437 shares of the company traded hands, compared to its average volume of 24,145. The business’s fifty day moving average is $47.59 and its 200 day moving average is $47.29. iShares USD Green Bond ETF has a fifty-two week low of $45.67 and a fifty-two week high of $48.54.

iShares USD Green Bond ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Wednesday, November 6th. Investors of record on Friday, November 1st were paid a dividend of $0.1633 per share. This represents a $1.96 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Friday, November 1st.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI.