Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Expands By 218.1%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 1,870,000 shares, a growth of 218.1% from the February 28th total of 587,900 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average trading volume of 1,354,300 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several hedge funds have recently made changes to their positions in USIG. Private Trust Co. NA raised its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 392.0% in the 3rd quarter. Private Trust Co. NA now owns 9,894 shares of the company’s stock valued at $520,000 after acquiring an additional 7,883 shares during the period. BNP Paribas Financial Markets increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 168.0% in the third quarter. BNP Paribas Financial Markets now owns 314,312 shares of the company’s stock worth $16,527,000 after purchasing an additional 197,012 shares in the last quarter. Captrust Financial Advisors raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 5.9% in the third quarter. Captrust Financial Advisors now owns 4,243 shares of the company’s stock valued at $223,000 after purchasing an additional 235 shares during the period. Financial Avengers Inc. lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.5% during the 3rd quarter. Financial Avengers Inc. now owns 19,716 shares of the company’s stock valued at $1,037,000 after buying an additional 2,938 shares in the last quarter. Finally, Sunbelt Securities Inc. lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% during the 3rd quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock valued at $68,000 after buying an additional 827 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of USIG stock opened at $50.99 on Friday. The company has a 50 day moving average of $50.79 and a 200-day moving average of $51.11. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $49.08 and a 12-month high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.196 dividend. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date was Monday, March 3rd.

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.