iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) Short Interest Down 74.0% in October

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 224,200 shares, a decline of 74.0% from the September 30th total of 861,200 shares. Based on an average trading volume of 662,800 shares, the short-interest ratio is presently 0.3 days.

iShares Fallen Angels USD Bond ETF Price Performance

iShares Fallen Angels USD Bond ETF stock traded down $0.02 during midday trading on Friday, hitting $27.01. The company’s stock had a trading volume of 303,849 shares, compared to its average volume of 693,709. iShares Fallen Angels USD Bond ETF has a 12 month low of $24.16 and a 12 month high of $27.43. The stock’s 50-day moving average price is $27.15 and its 200-day moving average price is $26.69.

iShares Fallen Angels USD Bond ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, September 6th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.1348 per share. The ex-dividend date was Tuesday, September 3rd.

Institutional Trading of iShares Fallen Angels USD Bond ETF

Large investors have recently added to or reduced their stakes in the business. Asset Dedication LLC acquired a new stake in shares of iShares Fallen Angels USD Bond ETF during the 2nd quarter valued at $34,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of iShares Fallen Angels USD Bond ETF in the 2nd quarter valued at $49,000. Strategic Financial Concepts LLC increased its stake in iShares Fallen Angels USD Bond ETF by 385.1% in the 2nd quarter. Strategic Financial Concepts LLC now owns 222,350 shares of the company’s stock worth $58,000 after purchasing an additional 176,515 shares in the last quarter. Bell Investment Advisors Inc acquired a new stake in iShares Fallen Angels USD Bond ETF during the 2nd quarter worth about $87,000. Finally, PNC Financial Services Group Inc. raised its holdings in iShares Fallen Angels USD Bond ETF by 143.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,323 shares of the company’s stock worth $88,000 after buying an additional 1,957 shares during the period.

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.