iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short yield down 69.2% in April

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iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Rating) saw a sharp drop in short interest in April. As of April 30, there was short interest totaling 94,600 shares, a decrease of 69.2% from the total of 307,300 shares as of April 15. Based on an average trading volume of 1,643,000 shares, the short-term interest rate ratio is currently 0.1 day.

iShares Broad USD Investment Grade Corporate Bond ETF stock opened at $51.71 on Thursday. iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $51.10 and a 12-month high of $61.51. The company’s fifty-day moving average is $53.78 and its 200-day moving average is $57.09.

The company also recently announced a monthly dividend, which was paid on Friday, May 6. Investors of record on Tuesday, May 3 received a dividend of $0.118 per share. This represents a dividend of $1.42 on an annualized basis and a dividend yield of 2.74%. The ex-dividend date was Monday, May 2. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.11.

Several institutional investors have recently increased or reduced their stake in the stock. Edmond DE Rothschild Holding SA increased its position in shares of the iShares Broad USD Investment Grade Corporate Bond ETF by 28.5% during the third quarter. Edmond DE Rothschild Holding SA now owns 1,240 shares of the company valued at $75,000 after acquiring an additional 275 shares during the period. OmniStar Financial Group Inc. increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 6.7% during the third quarter. OmniStar Financial Group Inc. now owns 4,614 shares of the company worth $277,000 after purchasing an additional 290 shares in the last quarter. Clearview Wealth Advisors LLC increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 15.3% during the fourth quarter. Clearview Wealth Advisors LLC now owns 2,203 shares of the company worth $132,000 after purchasing an additional 292 shares in the last quarter. Kingfisher Capital LLC increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 1.0% during the first quarter. Kingfisher Capital LLC now owns 32,531 shares of the company worth $1,791,000 after purchasing 313 additional shares in the last quarter. Finally, Arden Trust Co increased its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 0.6% during the fourth quarter. Arden Trust Co now owns 61,899 shares of the company worth $3,697,000 after buying 375 additional shares in the last quarter.

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