Short Interest in iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Decreases By 18.9%

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 460,500 shares, a decline of 18.9% from the January 31st total of 568,100 shares. Based on an average daily volume of 1,015,600 shares, the days-to-cover ratio is currently 0.5 days.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of USIG stock opened at $51.33 on Tuesday. The company’s 50-day moving average price is $50.48 and its 200-day moving average price is $51.24. iShares Broad USD Investment Grade Corporate Bond ETF has a twelve month low of $49.08 and a twelve month high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd will be given a $0.196 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This is a boost from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% in 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 during the last quarter. TIAA Trust National Association lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 10.8% in 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 during the last quarter. JPMorgan Chase & Co. lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,261,410 shares of the company’s stock valued at $63,424,000 after buying an additional 89,175 shares during the last quarter. Crestwood Advisors Group LLC lifted its position in iShares Broad USD Investment Grade Corporate Bond ETF by 41.5% in 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 during the last quarter. Finally, BNP Paribas Financial Markets increased its stake 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 worth $16,527,000 after purchasing an additional 197,012 shares during the period.

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.