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

by · The Cerbat Gem

iShares Fallen Angels USD Bond ETF (NASDAQ:FALN – Get Free Report) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 861,200 shares, an increase of 111.4% from the September 15th total of 407,300 shares. Based on an average daily trading volume, of 666,000 shares, the days-to-cover ratio is currently 1.3 days.

iShares Fallen Angels USD Bond ETF Price Performance

Shares of FALN stock traded up $0.03 during trading hours on Friday, reaching $27.07. 440,919 shares of the company’s stock were exchanged, compared to its average volume of 706,022. iShares Fallen Angels USD Bond ETF has a 1 year low of $24.12 and a 1 year high of $27.43. The stock’s fifty day moving average price is $27.07 and its two-hundred day moving average price is $26.66.

iShares Fallen Angels USD Bond ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Friday, September 6th. Shareholders of record on Tuesday, September 3rd were issued 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

A number of large investors have recently made changes to their positions in FALN. Mather Group LLC. lifted its stake in iShares Fallen Angels USD Bond ETF by 27.0% during the 3rd quarter. Mather Group LLC. now owns 8,991,241 shares of the company’s stock valued at $245,821,000 after acquiring an additional 1,913,910 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares Fallen Angels USD Bond ETF by 1.1% during the second quarter. Envestnet Asset Management Inc. now owns 2,438,047 shares of the company’s stock valued at $63,852,000 after purchasing an additional 26,058 shares during the period. LPL Financial LLC grew its position in iShares Fallen Angels USD Bond ETF by 3.7% during the 2nd quarter. LPL Financial LLC now owns 1,787,437 shares of the company’s stock worth $46,813,000 after purchasing an additional 63,746 shares during the period. Cetera Investment Advisers raised its stake in shares of iShares Fallen Angels USD Bond ETF by 182.5% during the 1st quarter. Cetera Investment Advisers now owns 768,476 shares of the company’s stock valued at $20,641,000 after buying an additional 496,455 shares during the last quarter. Finally, Procyon Advisors LLC lifted its holdings in shares of iShares Fallen Angels USD Bond ETF by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 563,110 shares of the company’s stock valued at $15,396,000 after buying an additional 11,417 shares during the period.

About iShares Fallen Angels USD Bond ETF

(Get Free Report)

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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