iShares Fallen Angels USD Bond ETF (NYSEARCA:FALN – Get Rating)’s stock price dropped 0.3% during mid-day trading on Wednesday . The stock traded as low as $24.55 and last traded at $24.71. Approximately 762,855 shares changed hands during mid-day trading, a decline of 36% from the average daily volume of 1,192,065 shares. The stock had previously closed at $24.79.
iShares Fallen Angels USD Bond ETF Stock Down 0.3 %
The firm has a 50 day moving average price of $25.21 and a 200-day moving average price of $24.77.
iShares Fallen Angels USD Bond ETF Company Profile
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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