iShares USD Green Bond ETF (NASDAQ:BGRN) Short Interest Update

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 12,200 shares, a drop of 25.2% from the May 31st total of 16,300 shares. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Investors Weigh In On iShares USD Green Bond ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Francis Financial Inc. raised its stake in shares of iShares USD Green Bond ETF by 40.3% in the 1st quarter. Francis Financial Inc. now owns 291,536 shares of the company’s stock valued at $13,670,000 after acquiring an additional 83,678 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its stake in shares of iShares USD Green Bond ETF by 47.0% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 206,605 shares of the company’s stock valued at $9,324,000 after acquiring an additional 66,026 shares in the last quarter. Modera Wealth Management LLC acquired a new position in shares of iShares USD Green Bond ETF during the third quarter worth approximately $8,562,000. Cetera Investment Advisers increased its position in shares of iShares USD Green Bond ETF by 1,493.2% during the first quarter. Cetera Investment Advisers now owns 92,025 shares of the company’s stock valued at $4,315,000 after purchasing an additional 86,249 shares during the period. Finally, Laurel Wealth Planning LLC increased its position in shares of iShares USD Green Bond ETF by 4.5% during the first quarter. Laurel Wealth Planning LLC now owns 55,267 shares of the company’s stock valued at $2,591,000 after purchasing an additional 2,380 shares during the period.

iShares USD Green Bond ETF Trading Down 0.6 %

NASDAQ BGRN traded down $0.27 during trading on Monday, reaching $46.27. 19,409 shares of the company’s stock were exchanged, compared to its average volume of 24,202. iShares USD Green Bond ETF has a fifty-two week low of $44.18 and a fifty-two week high of $47.36. The company’s fifty day simple moving average is $46.44 and its 200-day simple moving average is $46.63.

iShares USD Green Bond ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, June 3rd were paid a dividend of $0.1563 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date of this dividend was Monday, June 3rd.

iShares USD Green Bond ETF Company Profile

The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of USD-denominated investment-grade government and corporate bonds linked to environmentally beneficial projects, as identified by MSCI.