iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Significant Decrease in Short Interest

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of a significant decrease in short interest during the month of February. As of February 15th, there was short interest totalling 464,700 shares, a decrease of 54.0% from the January 31st total of 1,010,000 shares. Based on an average daily volume of 847,000 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Hedge funds have recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in shares of 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 purchasing an additional 589,100 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in iShares Fallen Angels USD Bond ETF during the fourth quarter worth approximately $15,590,000. Mather Group LLC. increased its stake 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 in the 4th quarter valued at $13,107,000. Finally, Ameriprise Financial Inc. lifted its position in shares of 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 valued at $42,540,000 after acquiring an additional 372,688 shares during the period.

iShares Fallen Angels USD Bond ETF Price Performance

NASDAQ:FALN traded down $0.22 on Monday, hitting $26.92. The company’s stock had a trading volume of 1,488,250 shares, compared to its average volume of 923,794. iShares Fallen Angels USD Bond ETF has a one year low of $25.90 and a one year high of $27.43. The stock has a fifty day moving average of $26.92 and a two-hundred day moving average of $27.04.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be issued a dividend of $0.1372 per share. The ex-dividend date of this dividend is Monday, March 3rd.

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.