iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Sees Unusually-High Trading Volume – What’s Next?

Shares of iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw an uptick in trading volume on Wednesday . 894,532 shares were traded during mid-day trading, an increase of 54% from the previous session’s volume of 582,252 shares.The stock last traded at $26.83 and had previously closed at $26.66.

iShares Fallen Angels USD Bond ETF Stock Up 0.3 %

The firm’s 50 day moving average is $26.96 and its two-hundred day moving average is $26.93.

iShares Fallen Angels USD Bond ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Monday, December 23rd. Investors of record on Wednesday, December 18th were issued a $0.1371 dividend. The ex-dividend date was Wednesday, December 18th. This represents a $1.64 annualized dividend and a yield of 6.10%.

Hedge Funds Weigh In On iShares Fallen Angels USD Bond ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FALN. Strategic Investment Solutions Inc. IL acquired a new position in iShares Fallen Angels USD Bond ETF in the second quarter valued at $49,000. Wilmington Savings Fund Society FSB acquired a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at $55,000. Outlook Wealth Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at $203,000. Saxony Capital Management LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at $208,000. Finally, Detalus Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF in the third quarter valued at $218,000.

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.