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

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 224,200 shares, a decline of 74.0% from the September 30th total of 861,200 shares. Based on an average trading volume of 662,800 shares, the short-interest ratio is presently 0.3 days.

iShares Fallen Angels USD Bond ETF Stock Down 0.1 %

iShares Fallen Angels USD Bond ETF stock traded down $0.03 during mid-day trading on Friday, reaching $27.00. 282,830 shares of the stock traded hands, compared to its average volume of 693,607. iShares Fallen Angels USD Bond ETF has a 12-month low of $24.16 and a 12-month high of $27.43. The business’s 50-day moving average is $27.15 and its 200-day moving average is $26.68.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, September 6th. Stockholders of record on Tuesday, September 3rd were given a dividend of $0.1348 per share. The ex-dividend date was Tuesday, September 3rd.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

Institutional investors have recently made changes to their positions in the business. Mather Group LLC. increased its holdings in iShares Fallen Angels USD Bond ETF by 27.0% during the third quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock valued at $245,821,000 after buying an additional 1,913,910 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of iShares Fallen Angels USD Bond ETF by 182.5% in the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock worth $20,641,000 after purchasing an additional 496,455 shares in the last quarter. Toews Corp ADV bought a new position in iShares Fallen Angels USD Bond ETF in the 2nd quarter worth $6,927,000. Strategic Financial Concepts LLC lifted its position in iShares Fallen Angels USD Bond ETF by 385.1% during the second quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock valued at $58,000 after purchasing an additional 176,515 shares in the last quarter. Finally, Diversify Wealth Management LLC bought a new stake in iShares Fallen Angels USD Bond ETF during the second quarter valued at about $4,129,000.

About iShares Fallen Angels USD Bond ETF

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.