iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Rating) benefited from strong short interest growth during the month of June. As of June 30, there were short interests totaling 801,500 shares, a growth of 73.2% from the total of 462,800 shares as of June 15. Based on an average daily trading volume of 1,316,100 shares, the short interest ratio is currently 0.6 days.
Institutional entries and exits
Institutional investors have recently increased or reduced their stake in the company. Concord Wealth Partners acquired a new position in iShares Fallen Angels USD Bond ETF during Q4 for a value of approximately $37,000. National Bank of Canada FI acquired a new position in the iShares Fallen Angels USD Bond ETF during Q1 worth approximately $37,000. Lloyd Advisory Services LLC. acquired a new position in iShares Fallen Angels USD Bond ETF during Q4 worth approximately $40,000. San Luis Wealth Advisors LLC acquired a new position in iShares Fallen Angels USD Bond ETF during Q1 worth approximately $45,000. Finally, Professional Financial Advisors LLC increased its stake in iShares Fallen Angels USD Bond ETF by 312.8% during the 1st quarter. Professional Financial Advisors LLC now owns 1,994 shares of the company worth $55,000 after purchasing an additional 1,511 shares during the period.
iShares Fallen Angels USD Bond ETF Stock up 0.9%
Shares of NASDAQ:FALN traded at $0.23 in Friday’s midday session, hitting $24.96. The company’s stock had a trading volume of 766,548 shares, compared to its average volume of 1,579,762. The company has a 50-day moving average price of $25.35 and a two-cent moving average price. $27.04 days. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $24.23 and a fifty-two week high of $30.44.
iShares Fallen Angels USD Bond ETF cuts dividends
The company also recently disclosed a monthly dividend, which was paid on Friday, July 8. Shareholders of record on Tuesday, July 5 received a dividend of $0.097. This represents a dividend of $1.16 on an annualized basis and a dividend yield of 4.66%. The ex-dividend date was Friday, July 1.
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