iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 861,200 shares, an increase of 111.4% from the September 15th total of 407,300 shares. Based on an average daily trading volume, of 666,000 shares, the days-to-cover ratio is currently 1.3 days.
iShares Fallen Angels USD Bond ETF Price Performance
Shares of FALN stock traded up $0.03 during trading hours on Friday, reaching $27.07. 440,919 shares of the company’s stock were exchanged, compared to its average volume of 706,022. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $27.43. The stock’s fifty day moving average price is $27.07 and its two-hundred day moving average price is $26.66.
iShares Fallen Angels USD Bond ETF Dividend Announcement
The business also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued a $0.1348 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.
Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF
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.
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