Short Interest in iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Decreases By 93.6%

by · The Cerbat Gem

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 35,827 shares, a drop of 93.6% from the May 31st total of 555,816 shares. Based on an average daily trading volume, of 1,338,757 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

iShares Fallen Angels USD Bond ETF Stock Performance

NASDAQ:FALN traded down $0.02 during mid-day trading on Friday, hitting $27.20. The company’s stock had a trading volume of 293,804 shares, compared to its average volume of 1,189,831. iShares Fallen Angels USD Bond ETF has a fifty-two week low of $26.37 and a fifty-two week high of $27.79. The stock has a fifty day moving average of $27.08 and a 200-day moving average of $27.20.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Thursday, June 4th. Stockholders of record on Monday, June 1st were paid a $0.1491 dividend. This is a boost from iShares Fallen Angels USD Bond ETF’s previous monthly dividend of $0.14. The ex-dividend date of this dividend was Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 6.6%.

Institutional Trading of iShares Fallen Angels USD Bond ETF

A number of large investors have recently made changes to their positions in the company. Wellington Grp LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF during the first quarter worth about $26,000. Global Retirement Partners LLC lifted its holdings in iShares Fallen Angels USD Bond ETF by 73.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,013 shares of the company’s stock valued at $28,000 after purchasing an additional 428 shares during the last quarter. Flagship Harbor Advisors LLC bought a new stake in shares of iShares Fallen Angels USD Bond ETF during the 4th quarter worth about $30,000. RMG Wealth Management LLC acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the first quarter valued at approximately $31,000. Finally, CoreCap Advisors LLC increased its position in iShares Fallen Angels USD Bond ETF by 46.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,726 shares of the company’s stock worth $47,000 after buying an additional 547 shares during the period.

iShares Fallen Angels USD Bond ETF Company Profile

(Get Free Report)

The iShares Fallen Angels USD Bond ETF (FALN) is an exchange-traded fund that mostly invests in high yield fixed income. The fund tracks a market value weighted index of bonds that were rated investment grade at issuance, but later downgraded to sub-investment grade. FALN was launched on Jun 14, 2016 and is managed by BlackRock.

See Also