Short-term interest on iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) rises 219.2%

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iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG) benefited from a sharp increase in short interest in December. As of December 31, there was short interest totaling 188,300 shares, an increase of 219.2% from the total of 59,000 shares as of December 15. Based on an average daily volume of 1,023,100 shares, the short interest rate is currently 0.2 days.

Several hedge funds and other institutional investors have recently changed their holdings in USIG. SouthState Corp acquired a new stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF in the third quarter for a value of approximately $64,000. Edmond DE Rothschild Holding SA increased its stake in iShares Broad USD Investment Grade Corporate Bond ETF by 28.5% during the third quarter. Edmond DE Rothschild Holding SA now owns 1,240 shares of the company valued at $75,000 after purchasing an additional 275 shares in the last quarter. JPMorgan Chase & Co. increased its holding in iShares Broad USD Investment Grade Corporate Bond ETF by 5,400.0% during the second quarter. JPMorgan Chase & Co. now owns 1,375 shares of the company valued at $83,000 after buying an additional 1,350 shares in the last quarter. Archer Investment Corp acquired a new equity position in the iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter worth $146,000. Finally, Flow Traders US LLC acquired a new equity position in the iShares Broad USD Investment Grade Corporate Bond ETF during the third quarter at a value of $226,000.

USIG stock opened at $58.94 on Friday. iShares Broad USD Investment Grade Corporate Bond ETF has a 1-year low of $58.33 and a 1-year high of $61.51. The company has a fifty-day moving average of $59.76 and a 200-day moving average of $60.34.

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The company also recently announced a monthly dividend, which was paid on Wednesday, December 22. Shareholders of record on Friday, December 17 received a dividend of $0.125 per share. This is an increase from iShares Broad USD Investment Grade Corporate Bond ETF’s previous monthly dividend of $0.11. This represents an annualized dividend of $1.50 and a yield of 2.54%. The ex-dividend date was Thursday, December 16.

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