iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Significant Drop in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a large drop in short interest during the month of February. As of February 15th, there was short interest totalling 4,800 shares, a drop of 54.3% from the January 31st total of 10,500 shares. Based on an average daily trading volume, of 25,100 shares, the short-interest ratio is currently 0.2 days.

iShares USD Green Bond ETF Price Performance

NASDAQ:BGRN traded down $0.14 during midday trading on Monday, hitting $47.35. 130,898 shares of the company were exchanged, compared to its average volume of 29,382. iShares USD Green Bond ETF has a fifty-two week low of $45.73 and a fifty-two week high of $48.54. The company has a fifty day simple moving average of $46.75 and a 200 day simple moving average of $47.33.

iShares USD Green Bond ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Monday, February 3rd were issued a $0.1669 dividend. This is a boost from iShares USD Green Bond ETF’s previous dividend of $0.16. The ex-dividend date of this dividend was Monday, February 3rd.

Institutional Trading of iShares USD Green Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Allworth Financial LP increased its stake in iShares USD Green Bond ETF by 93.2% in the third quarter. Allworth Financial LP now owns 655 shares of the company’s stock valued at $32,000 after purchasing an additional 316 shares during the period. Trust Co. of Vermont purchased a new position in shares of iShares USD Green Bond ETF during the fourth quarter worth about $78,000. Sachetta LLC grew its holdings in shares of iShares USD Green Bond ETF by 19.4% during the fourth quarter. Sachetta LLC now owns 2,370 shares of the company’s stock worth $110,000 after buying an additional 385 shares during the last quarter. Halbert Hargrove Global Advisors LLC acquired a new position in iShares USD Green Bond ETF in the 4th quarter valued at about $131,000. Finally, Morton Brown Family Wealth LLC raised its stake in iShares USD Green Bond ETF by 59.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 3,298 shares of the company’s stock valued at $154,000 after acquiring an additional 1,235 shares during the last quarter.

About iShares USD Green Bond ETF

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI.