iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating) benefited from a significant decline in short interest in April. As of April 30, there was short interest totaling 928,800 shares, down 30.2% from the April 15 total of 1,330,000 shares. Based on an average daily volume of 1,125,400 shares, the short interest rate is currently 0.8 days.
Institutional investors and hedge funds have recently changed their holdings in the company. Concord Wealth Partners acquired a new equity position in the iShares Fallen Angels USD Bond ETF in Q4 worth approximately $37,000. National Bank of Canada FI acquired a new equity position in the iShares Fallen Angels USD Bond ETF in Q1 worth approximately $37,000. Fortis Advisors LLC increased its equity stake in the iShares Fallen Angels USD Bond ETF by 132.6% in Q3. Fortis Advisors LLC now owns 1,300 shares of the company valued at $39,000 after purchasing an additional 741 shares during the period. Lloyd Advisory Services LLC. acquired a new stock position in iShares Fallen Angels USD Bond ETF in Q4 worth approximately $40,000. Finally, San Luis Wealth Advisors LLC acquired a new equity position in the iShares Fallen Angels USD Bond ETF in Q1 worth approximately $45,000.
NASDAQ:FALN traded down $0.02 during Friday’s midday session, hitting $25.72. 760,323 shares of the company were traded, compared to its average volume of 1,633,552. iShares Fallen Angels USD Bond ETF has a 1-year low of $25.58 and a 1-year high of 30.44 $. The company’s 50-day simple moving average is $26.98 and its 200-day simple moving average is $28.49.
The company also recently disclosed a monthly dividend, which was paid on Friday, May 6. Shareholders of record on Tuesday, May 3 received a dividend of $0.096 per share. This represents a dividend of $1.15 on an annualized basis and a yield of 4.48%. The ex-dividend date was Monday, May 2.
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