iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 1,080,000 shares, a growth of 327.9% from the March 31st total of 252,400 shares. Based on an average trading volume of 1,413,900 shares, the short-interest ratio is currently 0.8 days. Currently, 1.6% of the shares of the company are sold short.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Several large investors have recently made changes to their positions in the business. Glassy Mountain Advisors Inc. boosted its holdings in shares of iShares Fallen Angels USD Bond ETF by 0.3% in the 1st quarter. Glassy Mountain Advisors Inc. now owns 120,139 shares of the company’s stock valued at $3,219,000 after acquiring an additional 403 shares during the last quarter. Two West Capital Advisors LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 2.2% during the first quarter. Two West Capital Advisors LLC now owns 18,972 shares of the company’s stock worth $487,000 after buying an additional 404 shares in the last quarter. Bright Futures Wealth Management LLC. boosted its holdings in iShares Fallen Angels USD Bond ETF by 1.7% during the first quarter. Bright Futures Wealth Management LLC. now owns 26,112 shares of the company’s stock worth $674,000 after buying an additional 442 shares in the last quarter. FOCUS Wealth Advisors LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 0.8% during the fourth quarter. FOCUS Wealth Advisors LLC now owns 67,698 shares of the company’s stock worth $1,808,000 after buying an additional 534 shares in the last quarter. Finally, Sequent Planning LLC boosted its holdings in iShares Fallen Angels USD Bond ETF by 5.0% during the fourth quarter. Sequent Planning LLC now owns 11,233 shares of the company’s stock worth $300,000 after buying an additional 536 shares in the last quarter.

iShares Fallen Angels USD Bond ETF Stock Down 0.0 %

FALN stock opened at $26.37 on Tuesday. The firm’s fifty day simple moving average is $26.50 and its 200-day simple moving average is $26.82. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.82 and a 12 month high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were issued a $0.1408 dividend. This is an increase from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. This represents a $1.69 annualized dividend and a dividend yield of 6.41%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.