iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Up 27.7% in February

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant increase in short interest in 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 short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

NASDAQ USIG opened at $50.76 on Monday. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $49.08 and a fifty-two week high of $52.94. The stock’s 50-day moving average is $50.59 and its two-hundred day moving average is $51.17.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued 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.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several institutional investors have recently bought and sold shares of USIG. Ameriprise Financial Inc. raised its holdings 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 in the last quarter. TIAA Trust National Association raised its holdings 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in 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 valued at $61,636,000 after buying an additional 219,971 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in 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 valued at $16,527,000 after buying an additional 197,012 shares in the last quarter. Finally, Crestwood Advisors Group LLC raised its holdings in 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 valued at $20,488,000 after buying an additional 119,598 shares in the last quarter.

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.