iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 407,300 shares, a drop of 63.0% from the August 31st total of 1,100,000 shares. Based on an average daily trading volume, of 625,400 shares, the short-interest ratio is presently 0.7 days.
iShares Fallen Angels USD Bond ETF Price Performance
iShares Fallen Angels USD Bond ETF stock traded down $0.05 during midday trading on Wednesday, hitting $27.31. 319,822 shares of the company’s stock were exchanged, compared to its average volume of 697,511. The stock has a 50-day moving average price of $26.93 and a two-hundred day moving average price of $26.61. iShares Fallen Angels USD Bond ETF has a 52-week low of $24.12 and a 52-week high of $27.43.
iShares Fallen Angels USD Bond ETF Announces Dividend
The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were given a $0.1348 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd.
Institutional Investors Weigh In On iShares Fallen Angels USD Bond ETF
About iShares Fallen Angels USD Bond ETF
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.
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