iShares USD Green Bond ETF (NASDAQ:BGRN) Sees Significant Growth in Short Interest

iShares USD Green Bond ETF (NASDAQ:BGRN) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 5,200 shares, a growth of 33.3% from the March 15th total of 3,900 shares. Based on an average daily volume of 27,900 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the company are short sold.

iShares USD Green Bond ETF Price Performance

BGRN opened at $46.79 on Monday. The company’s 50 day moving average is $47.04 and its 200 day moving average is $47.05. iShares USD Green Bond ETF has a 12-month low of $45.73 and a 12-month high of $48.54.

iShares USD Green Bond ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 4th. Stockholders of record on Tuesday, April 1st were paid a $0.1708 dividend. This is a positive change from iShares USD Green Bond ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Tuesday, April 1st.

Hedge Funds Weigh In On iShares USD Green Bond ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kades & Cheifetz LLC purchased a new stake in iShares USD Green Bond ETF in the fourth quarter worth about $325,000. Shotwell Rutter Baer Inc lifted its holdings in iShares USD Green Bond ETF by 6.0% during the fourth quarter. Shotwell Rutter Baer Inc now owns 14,717 shares of the company’s stock valued at $681,000 after purchasing an additional 835 shares in the last quarter. Cardinal Point Capital Management ULC boosted its position in shares of iShares USD Green Bond ETF by 7.5% in the fourth quarter. Cardinal Point Capital Management ULC now owns 9,504 shares of the company’s stock worth $443,000 after purchasing an additional 660 shares during the period. Omega Financial Group LLC increased its stake in shares of iShares USD Green Bond ETF by 1.6% in the fourth quarter. Omega Financial Group LLC now owns 16,333 shares of the company’s stock worth $761,000 after purchasing an additional 262 shares in the last quarter. Finally, Fermata Advisors LLC purchased a new stake in shares of iShares USD Green Bond ETF in the fourth quarter worth $303,000.

About iShares USD Green Bond ETF

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.