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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw 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. Based on an average daily trading volume, of 1,354,300 shares, the short-interest ratio is currently 1.4 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Hedge funds have recently modified their holdings of the business. AdvisorNet Financial Inc increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% during the 4th quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $31,000 after purchasing an additional 208 shares in the last quarter. Ameriflex Group Inc. bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $38,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the fourth quarter worth $49,000. Sunbelt Securities Inc. raised its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% during the third quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock worth $68,000 after acquiring an additional 827 shares during the period. Finally, Richardson Financial Services Inc. lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% in the 4th quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock valued at $90,000 after acquiring an additional 400 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

USIG opened at $50.75 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 12 month low of $49.08 and a 12 month high of $52.94. The company has a fifty day simple moving average of $50.77 and a 200 day simple moving average of $51.12.

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 issued 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 of this dividend was Monday, March 3rd.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

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.