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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 693,500 shares, a drop of 27.0% from the November 15th total of 950,000 shares. Based on an average daily trading volume, of 883,200 shares, the short-interest ratio is presently 0.8 days.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Down 0.4 %

Shares of USIG opened at $50.97 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1 year low of $49.08 and a 1 year high of $52.94. The stock has a 50 day simple moving average of $51.32 and a two-hundred day simple moving average of $51.32.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, December 5th. Investors of record on Monday, December 2nd were issued a dividend of $0.1943 per share. The ex-dividend date was Monday, December 2nd. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Institutional investors have recently added to or reduced their stakes in the business. Bartlett & CO. Wealth Management LLC lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 22.4% in the 3rd quarter. Bartlett & CO. Wealth Management LLC now owns 201,453 shares of the company’s stock valued at $10,592,000 after acquiring an additional 36,838 shares during the last quarter. Kingfisher Capital LLC lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 2.4% in the second quarter. Kingfisher Capital LLC now owns 19,855 shares of the company’s stock valued at $997,000 after purchasing an additional 474 shares during the last quarter. Financial Avengers Inc. boosted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.5% during the third quarter. Financial Avengers Inc. now owns 19,716 shares of the company’s stock valued at $1,037,000 after purchasing an additional 2,938 shares during the period. Arkadios Wealth Advisors grew its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 4.9% in the third quarter. Arkadios Wealth Advisors now owns 11,331 shares of the company’s stock worth $596,000 after purchasing an additional 525 shares during the last quarter. Finally, Crestwood Advisors Group LLC increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.3% in the second quarter. Crestwood Advisors Group LLC now owns 203,320 shares of the company’s stock worth $10,209,000 after buying an additional 29,929 shares during the period.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.