Short Interest in iShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC) Drops By 57.5%
by Amy Steele · The Cerbat GemiShares ESG Aware USD Corporate Bond ETF (NASDAQ:SUSC – Get Free Report) was the target of a large decrease in short interest in May. As of May 15th, there was short interest totaling 110,436 shares, a decrease of 57.5% from the April 30th total of 259,819 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 300,208 shares, the days-to-cover ratio is currently 0.4 days.
iShares ESG Aware USD Corporate Bond ETF Stock Up 0.1%
Shares of NASDAQ:SUSC traded up $0.03 during mid-day trading on Friday, hitting $23.19. The stock had a trading volume of 636,385 shares, compared to its average volume of 326,484. iShares ESG Aware USD Corporate Bond ETF has a 12-month low of $22.70 and a 12-month high of $23.85. The company’s 50 day moving average is $23.11 and its 200-day moving average is $23.33.
iShares ESG Aware USD Corporate Bond ETF Cuts Dividend
The business also recently announced a monthly dividend, which was paid on Wednesday, May 6th. Shareholders of record on Friday, May 1st were given a $0.0876 dividend. The ex-dividend date was Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 4.5%.
Institutional Investors Weigh In On iShares ESG Aware USD Corporate Bond ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SUSC. NBT Bank N A NY raised its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 4,865.2% during the 1st quarter. NBT Bank N A NY now owns 1,142 shares of the company’s stock worth $26,000 after purchasing an additional 1,119 shares in the last quarter. Centennial Bank AR raised its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 166.7% during the 3rd quarter. Centennial Bank AR now owns 1,600 shares of the company’s stock worth $38,000 after purchasing an additional 1,000 shares in the last quarter. Millstone Evans Group LLC purchased a new stake in shares of iShares ESG Aware USD Corporate Bond ETF during the 4th quarter worth about $75,000. Ameriflex Group Inc. raised its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 33.5% during the 3rd quarter. Ameriflex Group Inc. now owns 3,514 shares of the company’s stock worth $83,000 after purchasing an additional 882 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of iShares ESG Aware USD Corporate Bond ETF by 13.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,925 shares of the company’s stock worth $92,000 after purchasing an additional 465 shares in the last quarter.
iShares ESG Aware USD Corporate Bond ETF Company Profile
The iShares ESG USD Corporate Bond ETF (SUSC) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of USD-denominated, investment-grade, corporate debt, selected based on positive ESG characteristics. Holdings are optimally weighted to provide a similar risk and return characteristics of the Bloomberg US Corporate Index. SUSC was launched on Jul 11, 2017 and is managed by BlackRock.