iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Update

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of 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 daily volume of 1,916,500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 5,876.8% during the first quarter. Jones Financial Companies Lllp now owns 321,791 shares of the company’s stock valued at $16,437,000 after purchasing an additional 316,407 shares in the last quarter. Baird Financial Group Inc. raised its position in iShares Broad USD Investment Grade Corporate Bond ETF by 1.4% during the first quarter. Baird Financial Group Inc. now owns 107,207 shares of the company’s stock valued at $5,476,000 after purchasing an additional 1,478 shares in the last quarter. OLD Mission Capital LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth $686,000. Flow Traders U.S. LLC acquired a new position in shares of iShares Broad USD Investment Grade Corporate Bond ETF during the first quarter worth $4,216,000. Finally, Azimuth Capital Investment Management LLC increased its holdings in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% during 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.

iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance

Shares of USIG opened at $50.65 on Monday. iShares Broad USD Investment Grade Corporate Bond ETF has a one year low of $49.10 and a one year high of $52.94. The firm has a 50 day simple moving average of $50.42 and a two-hundred day simple moving average of $50.63.

iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, May 6th. Shareholders of record on Thursday, May 1st were given a dividend of $0.1933 per share. The ex-dividend date of this dividend was Thursday, May 1st.

About iShares Broad USD Investment Grade Corporate Bond ETF

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.