iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Update

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) saw a large increase in short interest in January. As of January 31st, there was short interest totalling 1,010,000 shares, an increase of 106.5% from the January 15th total of 489,000 shares. Based on an average trading volume of 868,900 shares, the short-interest ratio is presently 1.2 days.

iShares Fallen Angels USD Bond ETF Stock Up 0.1 %

Shares of NASDAQ FALN opened at $27.02 on Friday. iShares Fallen Angels USD Bond ETF has a 12-month low of $25.90 and a 12-month high of $27.43. The company has a 50-day moving average of $26.92 and a 200 day moving average of $27.01.

iShares Fallen Angels USD Bond ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 6th. Investors of record on Monday, February 3rd were paid a dividend of $0.1433 per share. The ex-dividend date was Monday, February 3rd. This is a boost from iShares Fallen Angels USD Bond ETF’s previous dividend of $0.14.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Hedge funds have recently made changes to their positions in the company. Private Advisor Group LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 70.6% in the 3rd quarter. Private Advisor Group LLC now owns 17,134 shares of the company’s stock valued at $468,000 after buying an additional 7,092 shares during the period. Atomi Financial Group Inc. grew its stake in shares of iShares Fallen Angels USD Bond ETF by 7.5% in the 4th quarter. Atomi Financial Group Inc. now owns 9,835 shares of the company’s stock valued at $263,000 after buying an additional 683 shares during the period. HighTower Advisors LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 360.5% in the 3rd quarter. HighTower Advisors LLC now owns 38,861 shares of the company’s stock valued at $1,065,000 after buying an additional 30,422 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of iShares Fallen Angels USD Bond ETF by 16.7% in the 3rd quarter. Janney Montgomery Scott LLC now owns 48,547 shares of the company’s stock valued at $1,327,000 after buying an additional 6,957 shares during the period. Finally, Beacon Financial Advisory LLC purchased a new stake in shares of iShares Fallen Angels USD Bond ETF in the 4th quarter valued at approximately $234,000.

iShares Fallen Angels USD Bond ETF Company Profile

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.