iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 254.4% in March

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 603,200 shares, an increase of 254.4% from the February 29th total of 170,200 shares. Based on an average daily volume of 758,000 shares, the short-interest ratio is presently 0.8 days.

iShares Fallen Angels USD Bond ETF Stock Up 0.4 %

Shares of NASDAQ FALN opened at $26.88 on Thursday. iShares Fallen Angels USD Bond ETF has a 1-year low of $24.12 and a 1-year high of $26.89. The company has a fifty day moving average price of $26.59 and a 200 day moving average price of $25.83.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, March 7th. Shareholders of record on Monday, March 4th were given a dividend of $0.1345 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.61 annualized dividend and a yield of 6.00%.

Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc bought a new stake in iShares Fallen Angels USD Bond ETF during the 3rd quarter worth about $27,000. New Republic Capital LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth about $29,000. SouthState Corp bought a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $30,000. Howe & Rusling Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 151.4% during the 1st quarter. Howe & Rusling Inc. now owns 1,282 shares of the company’s stock worth $32,000 after buying an additional 772 shares in the last quarter. Finally, Vermillion & White Wealth Management Group LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $33,000.

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.