Short Interest in iShares USD Green Bond ETF (NASDAQ:BGRN) Grows By 200.0%

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a large growth in short interest in December. As of December 31st, there was short interest totalling 28,500 shares, a growth of 200.0% from the December 15th total of 9,500 shares. Based on an average trading volume of 23,300 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BGRN. Omega Financial Group LLC increased its holdings in shares of iShares USD Green Bond ETF by 1.6% in the fourth quarter. Omega Financial Group LLC now owns 16,333 shares of the company’s stock valued at $761,000 after purchasing an additional 262 shares during the period. Allworth Financial LP lifted its holdings in shares of iShares USD Green Bond ETF by 93.2% during the third quarter. Allworth Financial LP now owns 655 shares of the company’s stock worth $32,000 after purchasing an additional 316 shares during the period. Johnson Financial Group LLC grew its position in iShares USD Green Bond ETF by 2.6% in the 3rd quarter. Johnson Financial Group LLC now owns 14,041 shares of the company’s stock valued at $679,000 after buying an additional 355 shares during the last quarter. Vontobel Holding Ltd. increased its stake in iShares USD Green Bond ETF by 3.4% in the 3rd quarter. Vontobel Holding Ltd. now owns 13,122 shares of the company’s stock valued at $634,000 after buying an additional 435 shares during the period. Finally, Cardinal Point Capital Management ULC raised its position in iShares USD Green Bond ETF by 7.5% during the 4th quarter. Cardinal Point Capital Management ULC now owns 9,504 shares of the company’s stock worth $443,000 after buying an additional 660 shares during the last quarter.

iShares USD Green Bond ETF Stock Performance

NASDAQ BGRN traded up $0.28 during trading hours on Wednesday, hitting $46.59. The company had a trading volume of 20,092 shares, compared to its average volume of 20,077. The business has a 50 day moving average of $46.97 and a 200-day moving average of $47.37. iShares USD Green Bond ETF has a 1-year low of $45.73 and a 1-year high of $48.54.

iShares USD Green Bond ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were given a $0.1676 dividend. The ex-dividend date was Wednesday, December 18th. This is a boost from iShares USD Green Bond ETF’s previous monthly dividend of $0.16. This represents a $2.01 dividend on an annualized basis and a dividend yield of 4.32%.

About iShares USD Green Bond ETF

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.