IShares Fallen Angels USD Bond ETF (NASDAQ: FALN) Sees Significant Growth in Short Interest

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The iShares Fallen Angels USD Bond ETF (NASDAQ: FALN) enjoyed significant growth in short interest during the month of November. As of November 30, there was short interest totaling 1,670,000 shares, an increase of 63.7% from the total of 1,020,000 shares as of November 15. Based on an average daily trading volume of 1,754,400 shares, the day / coverage ratio is currently 1.0 day.

Several large investors have recently changed their holdings to FALN. Ameriprise Financial Inc. acquired a new equity stake in the shares of the iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $ 491,000. Alliancebernstein LP increased its position in equities of the iShares Fallen Angels USD Bond ETF by 2.7% in the second quarter. Alliancebernstein LP now owns 846,160 shares of the company valued at $ 25,351,000 after purchasing an additional 22,056 shares in the last quarter. Advisors Asset Management Inc. increased its position in equities of the iShares Fallen Angels USD Bond ETF by 102.5% in the second quarter. Advisors Asset Management Inc. now owns 9,113 shares of the company valued at $ 273,000 after purchasing an additional 4,612 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in shares of the iShares Fallen Angels USD Bond ETF by 34.9% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 27,615 shares of the company valued at $ 827,000 after purchasing an additional 7,139 shares in the last quarter. Finally, Icon Wealth Partners LLC increased its position in equities of the iShares Fallen Angels USD Bond ETF by 28.7% in the second quarter. Icon Wealth Partners LLC now owns 92,449 shares of the company valued at $ 2,770,000 after purchasing an additional 20,629 shares in the last quarter.

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NASDAQ: FALN shares traded down $ 0.10 on Thursday at noon, reaching $ 29.77. The company’s shares traded at 4,755 shares, compared to an average volume of 1,266,650. The stock’s 50-day simple moving average is $ 29.92 and its 200-day simple moving average. is $ 29.98. The iShares Fallen Angels USD Bond ETF has a 52-week low of $ 28.66 and a 52-week high of $ 30.44.

The company also recently declared a monthly dividend, which was paid on Tuesday, December 7th. Shareholders of record on Thursday, December 2 received a dividend of $ 0.077. This represents an annualized dividend of $ 0.92 and a dividend yield of 3.10%. The ex-dividend date was Wednesday December 1.

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