Short Interest in iShares USD Green Bond ETF (NASDAQ:BGRN) Drops By 77.7%

iShares USD Green Bond ETF (NASDAQ:BGRN) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 3,900 shares, a drop of 77.7% from the February 28th total of 17,500 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 28,000 shares, the short-interest ratio is presently 0.1 days.

iShares USD Green Bond ETF Price Performance

Shares of BGRN stock opened at $47.21 on Friday. iShares USD Green Bond ETF has a 52-week low of $45.73 and a 52-week high of $48.54. The business has a 50-day simple moving average of $47.00 and a 200-day simple moving average of $47.23.

iShares USD Green Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a $0.1663 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On iShares USD Green Bond ETF

Several hedge funds have recently bought and sold shares of BGRN. Seeds Investor LLC purchased a new position in shares of iShares USD Green Bond ETF during the 4th quarter valued at approximately $5,100,000. Mercer Global Advisors Inc. ADV increased its holdings in iShares USD Green Bond ETF by 14.7% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 604,440 shares of the company’s stock valued at $28,179,000 after buying an additional 77,385 shares in the last quarter. Betterment LLC increased its holdings in iShares USD Green Bond ETF by 6.3% in the fourth quarter. Betterment LLC now owns 1,293,055 shares of the company’s stock valued at $60,282,000 after buying an additional 76,909 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares USD Green Bond ETF by 8.2% in the fourth quarter. Envestnet Asset Management Inc. now owns 639,128 shares of the company’s stock worth $29,796,000 after acquiring an additional 48,269 shares during the period. Finally, Empower Advisory Group LLC boosted its stake in shares of iShares USD Green Bond ETF by 4.9% during the 4th quarter. Empower Advisory Group LLC now owns 1,001,894 shares of the company’s stock worth $46,708,000 after acquiring an additional 47,154 shares in the last quarter.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI.