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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant increase in short interest during the month of February. As of February 28th, there was short interest totalling 587,900 shares, an increase of 27.7% from the February 13th total of 460,500 shares. Based on an average trading volume of 1,239,500 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the stock are sold short.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

USIG opened at $50.94 on Wednesday. iShares Broad USD Investment Grade Corporate Bond ETF has a 52 week low of $49.08 and a 52 week high of $52.94. The business’s fifty day simple moving average is $50.63 and its 200 day simple moving average is $51.16.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

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

Institutional Trading of iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors have recently added to or reduced their stakes in USIG. Ameriprise Financial Inc. boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% during the fourth quarter. Ameriprise Financial Inc. now owns 10,324,245 shares of the company’s stock valued at $523,491,000 after buying an additional 613,878 shares during the period. TIAA Trust National Association boosted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 10.8% during the fourth quarter. TIAA Trust National Association now owns 5,603,082 shares of the company’s stock valued at $281,723,000 after buying an additional 543,960 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 23.1% during the third quarter. JPMorgan Chase & Co. now owns 1,172,235 shares of the company’s stock worth $61,636,000 after purchasing an additional 219,971 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 168.0% during 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 during the period. Finally, Crestwood Advisors Group LLC boosted its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 41.5% during the fourth quarter. Crestwood Advisors Group LLC now owns 407,479 shares of the company’s stock worth $20,488,000 after purchasing an additional 119,598 shares during the period.

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.