iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Rating) was the recipient of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 91,400 shares, a decrease of 75.6% from the February 28th total of 374,400 shares. Based on an average daily volume of 1,272,600 shares, the short-interest ratio is presently 0.1 days.
Institutional Investors Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF
A number of institutional investors and hedge funds have recently modified their holdings of USIG. JPMorgan Chase & Co. lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2,420.7% during the 1st quarter. JPMorgan Chase & Co. now owns 12,553 shares of the company's stock valued at $691,000 after acquiring an additional 12,055 shares during the last quarter. Baird Financial Group Inc. lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 2.0% during the 1st quarter. Baird Financial Group Inc. now owns 26,993 shares of the company's stock valued at $1,486,000 after acquiring an additional 542 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 17.4% during the 1st quarter. Clearbridge Investments LLC now owns 82,856 shares of the company's stock valued at $4,560,000 after acquiring an additional 12,290 shares during the last quarter. BNP Paribas Arbitrage SA acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the 1st quarter valued at $619,000. Finally, Captrust Financial Advisors lifted its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 25.3% during the 2nd quarter. Captrust Financial Advisors now owns 7,264 shares of the company's stock valued at $370,000 after acquiring an additional 1,465 shares during the last quarter.
Get iShares Broad USD Investment Grade Corporate Bond ETF alerts:iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance
USIG opened at $50.16 on Tuesday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $46.47 and a 1-year high of $55.26. The business has a 50 day moving average price of $50.20 and a two-hundred day moving average price of $49.44.
iShares Broad USD Investment Grade Corporate Bond ETF Dividend Announcement
The business also recently disclosed a monthly dividend, which was paid on Tuesday, March 7th. Stockholders of record on Thursday, March 2nd were given a dividend of $0.154 per share. The ex-dividend date was Wednesday, March 1st. This represents a $1.85 dividend on an annualized basis and a dividend yield of 3.68%.
About iShares Broad USD Investment Grade Corporate Bond ETF
(Get Rating)
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.
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