iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,010,000 shares, a growth of 106.5% from the January 15th total of 489,000 shares. Based on an average daily volume of 868,900 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Private Advisor Group LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 70.6% in the third quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock worth $468,000 after acquiring an additional 7,092 shares during the period. Atomi Financial Group Inc. raised its position in shares of iShares Fallen Angels USD Bond ETF by 7.5% in the fourth quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock worth $263,000 after acquiring an additional 683 shares during the period. HighTower Advisors LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 360.5% in the third quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock worth $1,065,000 after acquiring an additional 30,422 shares during the period. Janney Montgomery Scott LLC raised its position in shares of iShares Fallen Angels USD Bond ETF by 16.7% in the third quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock worth $1,327,000 after acquiring an additional 6,957 shares during the period. Finally, Beacon Financial Advisory LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the fourth quarter worth about $234,000.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ FALN opened at $27.02 on Friday. The company has a fifty day moving average of $26.92 and a 200 day moving average of $27.01. iShares Fallen Angels USD Bond ETF has a 1 year low of $25.90 and a 1 year high of $27.43.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were given a dividend of $0.1433 per share. The ex-dividend date was Monday, February 3rd. This is an increase from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

About iShares Fallen Angels USD Bond ETF

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.