iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Up 78.3% in January

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iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the target of significant short interest growth in January. As of January 15, there was short interest totaling 2,300,000 shares, a growth of 78.3% from the total of 1,290,000 shares as of December 31. Based on an average trading volume of 1,353,900 shares, the day-to-cover ratio is currently 1.7 days.

A number of institutional investors have recently changed their positions in FALN. Citigroup Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 31.4% in Q2. Citigroup Inc. now owns 17,393 shares of the company valued at $521,000 after purchasing an additional 4,153 shares during the period. Principal Financial Group Inc. bought a new stake in iShares Fallen Angels USD Bond ETF in Q2 worth $246,000. BlackRock Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 13.0% in Q2. BlackRock Inc. now owns 5,879,634 shares of the company valued at $176,153,000 after purchasing an additional 676,119 shares during the period. Bank of New York Mellon Corp increased its holdings in iShares Fallen Angels USD Bond ETF by 18.2% in Q2. Bank of New York Mellon Corp now owns 567,334 shares of the company valued at $16,997,000 after purchasing an additional 87,529 shares during the period. Finally, Baird Financial Group Inc. increased its holdings in iShares Fallen Angels USD Bond ETF by 1.5% in Q2. Baird Financial Group Inc. now owns 33,160 shares of the company valued at $993,000 after purchasing an additional 487 shares during the period.

FALN stock traded down $0.05 on Friday, hitting $28.75. 8,220,619 shares of the company were traded, against an average volume of 3,075,327. iShares Fallen Angels USD Bond ETF has a 12-month low of $28.54 and a 12-month high of $30.44 . The stock’s fifty-day moving average price is $29.60 and its 200-day moving average price is $29.92.

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The company also recently declared a monthly dividend, which was paid on Wednesday, December 22. Shareholders of record on Friday, December 17 received a dividend of $0.088. This represents an annualized dividend of $1.06 and a yield of 3.67%. The ex-dividend date was Thursday, December 16. This is a positive change from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.08.

Read more: Understanding Dividend Yield and Dividend Payout Ratio

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