Short Interest in iShares USD Green Bond ETF (NASDAQ:BGRN) Grows By 264.6%

iShares USD Green Bond ETF (NASDAQ:BGRN) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 17,500 shares, an increase of 264.6% from the February 13th total of 4,800 shares. Based on an average daily volume of 27,100 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the shares of the company are short sold.

iShares USD Green Bond ETF Price Performance

Shares of BGRN stock opened at $47.08 on Friday. The firm has a fifty day moving average price of $46.86 and a 200-day moving average price of $47.29. iShares USD Green Bond ETF has a 1 year low of $45.73 and a 1 year high of $48.54.

iShares USD Green Bond ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, March 6th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1663 per share. The ex-dividend date was Monday, March 3rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Vermont bought a new position in shares of iShares USD Green Bond ETF in the fourth quarter worth about $78,000. Sachetta LLC raised its position in shares of iShares USD Green Bond ETF by 19.4% in the 4th quarter. Sachetta LLC now owns 2,370 shares of the company’s stock worth $110,000 after acquiring an additional 385 shares in the last quarter. Halbert Hargrove Global Advisors LLC bought a new position in iShares USD Green Bond ETF in the fourth quarter worth about $131,000. Morton Brown Family Wealth LLC raised its stake in shares of iShares USD Green Bond ETF by 59.9% during the 4th quarter. Morton Brown Family Wealth LLC now owns 3,298 shares of the company’s stock worth $154,000 after acquiring an additional 1,235 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of iShares USD Green Bond ETF by 25.3% during the fourth quarter. Jones Financial Companies Lllp now owns 3,666 shares of the company’s stock worth $171,000 after purchasing an additional 740 shares in the last quarter.

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.