iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Sees Significant Increase in Short Interest

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) saw a significant increase in short interest in May. As of May 15th, there was short interest totalling 1,090,000 shares, an increase of 91.4% from the April 30th total of 569,400 shares. Based on an average trading volume of 1,916,500 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are sold short.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Up 0.1%

USIG stock opened at $50.65 on Friday. The business has a 50 day moving average of $50.42 and a 200-day moving average of $50.63. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $49.10 and a 12-month high of $52.94.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, May 6th. Stockholders of record on Thursday, May 1st were issued a $0.1933 dividend. The ex-dividend date was Thursday, May 1st.

Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Azimuth Capital Investment Management LLC raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% in the first quarter. Azimuth Capital Investment Management LLC now owns 4,508 shares of the company’s stock worth $230,000 after buying an additional 268 shares in the last quarter. AdvisorNet Financial Inc raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 45.3% in the first quarter. AdvisorNet Financial Inc now owns 898 shares of the company’s stock worth $46,000 after buying an additional 280 shares in the last quarter. Richardson Financial Services Inc. raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% in the fourth quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock worth $90,000 after buying an additional 400 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 34.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,848 shares of the company’s stock worth $93,000 after buying an additional 473 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 3.2% in the first quarter. Arkadios Wealth Advisors now owns 15,771 shares of the company’s stock worth $806,000 after buying an additional 491 shares in the last quarter.

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.