The iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Rating) experienced a significant decline in short selling rates in December. As of December 15, there were a total of 140,700 shares shorted, down 28.7% from the November 30 total of 197,200 shares. Based on an average daily trading volume of 1,373,000 shares, the current short-term interest rate is 0.1 days.
institution inflow and outflow
Several institutional investors have recently changed their stock holdings. First Horizon Advisors Inc. purchased a new position in the iShares Broad USD Investment Grade Corporate Bond ETF for approximately $54,000 in the second quarter. Raleigh Capital Management Inc. purchased new shares in the iShares Broad USD Investment Grade Corporate Bond ETF for approximately $86,000 in the first quarter. Private Trust Co. NA increased its iShares Broad USD Investment Grade Corporate Bond ETF holdings by 1,156.9% during the third quarter. Private Trust Co. NA now owns 2,011 shares of the company worth $97,000 after acquiring an additional 1,851 shares during this period. American Trust took a new position in shares of the iShares Broad USD Investment Grade Corporate Bond ETF in the first quarter, valued at approximately $221,000. Finally, Baker Avenue Asset Management LP acquired a new position in the iShares Broad US Dollar Investment Grade Corporate Bond ETF worth approximately $230,000 in the third quarter.
iShares Broad USD Investment Grade Corporate Bond ETF Equity Performance
USIG shares fell $0.27 in intraday trading on Friday to reach $49.11. 1,324,720 shares of the company were hand traded, but the average turnover was 1,326,659 shares for him. His 50-day moving average price for this business is $49.04 and his 200-day moving average price is $49.93. The iShares Broad USD Investment Grade Corporate Bond ETF has a 12-month low of $46.47 and a 12-month high of $59.92.
iShares Broad USD Investment Grade Corporate Bond ETF Dividend Increase
The company recently announced a monthly dividend paid on Wednesday, December 21st. Dividends of $0.152 per share were issued to investors of record on Friday, December 16th. This is up from the iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.13. The ex-dividend date for this dividend was December 15 (Thursday). This represents an annualized dividend of $1.82 and a yield of 3.71%.
References
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