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 in the month of February. As of February 28th, there was short interest totalling 1,300,000 shares, a growth of 179.8% from the February 13th total of 464,700 shares. Based on an average daily volume of 914,200 shares, the days-to-cover ratio is presently 1.4 days. Approximately 1.8% of the shares of the company are short sold.

iShares Fallen Angels USD Bond ETF Trading Up 0.3 %

NASDAQ:FALN traded up $0.07 during midday trading on Friday, reaching $26.83. 822,706 shares of the company traded hands, compared to its average volume of 979,576. iShares Fallen Angels USD Bond ETF has a twelve month low of $25.90 and a twelve month high of $27.43. The company has a fifty day moving average price of $26.96 and a 200 day moving average price of $27.03.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 6th. Investors of record on Monday, March 3rd were given a dividend of $0.1372 per share. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nomura Asset Management Co. Ltd. boosted its position in iShares Fallen Angels USD Bond ETF by 70.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,421,084 shares of the company’s stock worth $37,957,000 after acquiring an additional 589,100 shares during the period. State of Tennessee Department of Treasury acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $15,590,000. Mather Group LLC. boosted its position in iShares Fallen Angels USD Bond ETF by 6.4% during the 4th quarter. Mather Group LLC. now owns 9,566,735 shares of the company’s stock worth $255,528,000 after acquiring an additional 575,494 shares during the period. Novem Group acquired a new position in iShares Fallen Angels USD Bond ETF during the 4th quarter worth $13,107,000. Finally, Ameriprise Financial Inc. boosted its position in iShares Fallen Angels USD Bond ETF by 30.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,592,730 shares of the company’s stock worth $42,540,000 after acquiring an additional 372,688 shares during the period.

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.