iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) Short Interest Down 18.9% in February

iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) was the target of a significant decrease in short interest in the month of February. As of February 15th, there was short interest totalling 460,500 shares, a decrease of 18.9% from the January 31st total of 568,100 shares. Based on an average trading volume of 1,015,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 6.3% during the 4th quarter. Ameriprise Financial Inc. now owns 10,324,245 shares of the company’s stock valued at $523,491,000 after purchasing an additional 613,878 shares during the last quarter. TIAA Trust National Association raised its position in shares of iShares Broad USD Investment Grade Corporate Bond ETF by 10.8% in the fourth quarter. TIAA Trust National Association now owns 5,603,082 shares of the company’s stock valued at $281,723,000 after buying an additional 543,960 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 23.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,172,235 shares of the company’s stock valued at $61,636,000 after buying an additional 219,971 shares in the last quarter. BNP Paribas Financial Markets increased its position in iShares Broad USD Investment Grade Corporate Bond ETF by 168.0% during the third quarter. BNP Paribas Financial Markets now owns 314,312 shares of the company’s stock worth $16,527,000 after purchasing an additional 197,012 shares during the last quarter. Finally, Crestwood Advisors Group LLC lifted its holdings in iShares Broad USD Investment Grade Corporate Bond ETF by 41.5% in the fourth quarter. Crestwood Advisors Group LLC now owns 407,479 shares of the company’s stock valued at $20,488,000 after acquiring an additional 119,598 shares during the last quarter.

iShares Broad USD Investment Grade Corporate Bond ETF Price Performance

Shares of USIG stock opened at $51.08 on Thursday. iShares Broad USD Investment Grade Corporate Bond ETF has a 52-week low of $49.08 and a 52-week high of $52.94. The stock has a 50 day moving average price of $50.52 and a 200 day moving average price of $51.24.

iShares Broad USD Investment Grade Corporate Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, March 6th. Investors of record on Monday, March 3rd will be issued a dividend of $0.196 per share. This is a positive change from iShares Broad USD Investment Grade Corporate Bond ETF’s previous dividend of $0.19. The ex-dividend date is Monday, March 3rd.

iShares Broad USD Investment Grade Corporate Bond ETF Company Profile

The iShares Broad USD Investment Grade Corporate Bond ETF (USIG) is an exchange-traded fund that is based on the ICE BofA US Corporate index. The fund tracks a market-value-weighted index of USD-denominated, investment-grade corporate debt. USIG was launched on Jan 5, 2007 and is managed by BlackRock.