iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Large Increase in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a significant increase in short interest in the month of February. As of February 28th, there was short interest totalling 17,500 shares, an increase of 264.6% from the February 13th total of 4,800 shares. Based on an average daily volume of 27,100 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.2% of the shares of the company are short sold.

iShares USD Green Bond ETF Stock Down 0.1 %

Shares of NASDAQ BGRN opened at $47.04 on Thursday. The stock has a fifty day moving average price of $46.84 and a 200 day moving average price of $47.29. iShares USD Green Bond ETF has a 1-year low of $45.73 and a 1-year high of $48.54.

iShares USD Green Bond ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were given a $0.1663 dividend. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of BGRN. Trust Co. of Vermont purchased a new position in iShares USD Green Bond ETF in the fourth quarter worth $78,000. Sachetta LLC increased its position in shares of iShares USD Green Bond ETF by 19.4% in the fourth quarter. Sachetta LLC now owns 2,370 shares of the company’s stock valued at $110,000 after buying an additional 385 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new stake in iShares USD Green Bond ETF during the 4th quarter worth about $131,000. Morton Brown Family Wealth LLC increased its position in iShares USD Green Bond ETF by 59.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 3,298 shares of the company’s stock worth $154,000 after purchasing an additional 1,235 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in iShares USD Green Bond ETF by 25.3% during the 4th quarter. Jones Financial Companies Lllp now owns 3,666 shares of the company’s stock worth $171,000 after purchasing an additional 740 shares in the last quarter.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI.