iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ:USIG – Get Free Report) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 744,700 shares, a decrease of 59.5% from the August 31st total of 1,840,000 shares. Based on an average trading volume of 1,014,000 shares, the days-to-cover ratio is presently 0.7 days.
iShares Broad USD Investment Grade Corporate Bond ETF Stock Performance
USIG stock traded up $0.17 during midday trading on Friday, reaching $52.67. The company had a trading volume of 456,214 shares, compared to its average volume of 1,065,152. The stock has a 50 day moving average price of $51.83 and a 200 day moving average price of $50.77. iShares Broad USD Investment Grade Corporate Bond ETF has a fifty-two week low of $46.70 and a fifty-two week high of $52.94.
iShares Broad USD Investment Grade Corporate Bond ETF Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1913 per share. The ex-dividend date was Tuesday, September 3rd.
Hedge Funds Weigh In On iShares Broad USD Investment Grade Corporate Bond ETF
About iShares Broad USD Investment Grade Corporate Bond ETF
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.
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