The iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Rating) experienced a significant drop in short interest rates in November. As of November 15, short sales totaled 244,900 shares, down 49.8% from October 31’s total of 488,300 shares. Based on an average trading volume of 1,193,100 shares, the days coverage ratio is currently 0.2 days.
Institutional Investors Consider iShares Broad USD Investment Grade Corporate Bond ETF
Hedge funds have recently changed their stock positions. American Family Insurance Mutual Holding Co acquired a new position in the iShares Broad USD Investment Grade Corporate Bond ETF worth approximately $127,425,000 in the second quarter. Bank of New York Mellon Corp increased his stake in the iShares Broad USD Investment Grade Corporate Bond ETF by 7.2% in the first quarter. Bank of New York Mellon Corp. He owns 1,320,824 shares of the company worth $72,698,000 after he purchased an additional 88,167 shares during the previous quarter. KerberRose Wealth Management LLC purchased a new position in the iShares Broad USD Investment Grade Corporate Bond ETF worth approximately $2,574,000 in the second quarter. Fisher Asset Management LLC increased its stake in the iShares Broad USD Investment Grade Corporate Bond ETF by 466.2% in the third quarter. Fisher Asset Management LLC now owns 59,755 shares of the company worth $2,871,000 after purchasing an additional 49,202 of his shares last quarter. Finally, ShoreHaven Wealth Partners LLC purchased new shares of the iShares Broad USD Investment Grade Corporate Bond ETF for approximately $1,884,000 in the second quarter.
iShares Broad USD Investment Grade Corporate Bond ETF Price Performance
USIG shares opened at $49.50 on Tuesday. The company has a 50-day moving average of $48.14 and a 200-day moving average of $50.23. The iShares Broad USD Investment Grade Corporate Bond ETF hit a 52-week low of $46.47 and a 52-week high of $60.54.
iShares Broad USD Investment Grade Corporate Bond ETF Decreases Dividend
The company recently announced a monthly dividend, which was paid out on Monday, November 7th. A dividend of $0.14 was issued to shareholders of record on Wednesday, November 2nd. This represents his $1.68 dividend and his 3.39% yield on an annualized basis. The ex-dividend date was Tuesday, November 1.
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