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

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 587,900 shares, a growth of 27.7% from the February 13th total of 460,500 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 1,239,500 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF

Several large investors have recently modified their holdings of USIG. AdvisorNet Financial Inc increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 50.7% in the fourth quarter. AdvisorNet Financial Inc now owns 618 shares of the company’s stock worth $31,000 after purchasing an additional 208 shares in the last quarter. Ameriflex Group Inc. purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth about $38,000. Murphy & Mullick Capital Management Corp purchased a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the fourth quarter worth about $49,000. Sunbelt Securities Inc. increased its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 179.4% in the third quarter. Sunbelt Securities Inc. now owns 1,288 shares of the company’s stock worth $68,000 after purchasing an additional 827 shares in the last quarter. Finally, Richardson Financial Services Inc. grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 29.0% during the fourth quarter. Richardson Financial Services Inc. now owns 1,778 shares of the company’s stock valued at $90,000 after acquiring an additional 400 shares in the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Trading Up 0.2 %

USIG opened at $50.84 on Tuesday. The firm has a 50-day moving average price of $50.61 and a 200-day moving average price of $51.16. 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 firm also recently announced a dividend, which was paid on Thursday, March 6th. Stockholders of record on Monday, March 3rd were paid a $0.196 dividend. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date of this dividend was Monday, March 3rd.

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.