iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Significant Decrease in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a large drop in short interest during the month of November. As of November 30th, there was short interest totalling 16,400 shares, a drop of 11.8% from the November 15th total of 18,600 shares. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is presently 0.7 days.

iShares USD Green Bond ETF Price Performance

Shares of NASDAQ:BGRN traded down $0.17 during midday trading on Friday, reaching $47.06. The company had a trading volume of 8,110 shares, compared to its average volume of 24,045. The company’s 50 day moving average price is $47.37 and its 200 day moving average price is $47.38. iShares USD Green Bond ETF has a 52-week low of $45.73 and a 52-week high of $48.54.

iShares USD Green Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, December 2nd were given a $0.1638 dividend. This is a positive change from iShares USD Green Bond ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, December 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP increased its stake in shares of iShares USD Green Bond ETF by 93.2% during the 3rd quarter. Allworth Financial LP now owns 655 shares of the company’s stock worth $32,000 after purchasing an additional 316 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in iShares USD Green Bond ETF by 102.9% during the third quarter. Richardson Financial Services Inc. now owns 1,548 shares of the company’s stock valued at $73,000 after purchasing an additional 785 shares during the period. Sanctuary Advisors LLC purchased a new stake in iShares USD Green Bond ETF in the second quarter worth $207,000. Equita Financial Network Inc. bought a new stake in shares of iShares USD Green Bond ETF in the second quarter valued at $221,000. Finally, First National Corp MA ADV bought a new stake in shares of iShares USD Green Bond ETF in the third quarter valued at $249,000.

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.