The iShares USD Green Bond ETF (NASDAQ:BGRN – Free Report) saw a significant increase in short interest in July. As of July 31, there was short interest totaling 9,000 shares, up 30.4% from the total of 6,900 shares on July 15. Based on an average daily trading volume of 22,400 shares, the short interest ratio is currently 0.4 days.
Hedge funds comment on iShares USD Green Bond ETF
Large investors have recently been buying and selling shares of the company. Creative Planning increased its holdings in shares of iShares USD Green Bond ETF by 18.1% during the second quarter. Creative Planning now owns 113,001 shares of the company’s stock valued at $5,259,000 after acquiring an additional 17,308 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in iShares USD Green Bond ETF by 17.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 421,688 shares of the company’s stock valued at $19,625,000 after acquiring an additional 63,874 shares during the same period. Envestnet Asset Management Inc. increased its holdings in shares of iShares USD Green Bond ETF by 16.0% during the second quarter. Envestnet Asset Management Inc. now owns 504,187 shares of the company’s stock valued at $23,465,000 after purchasing an additional 69,552 shares in the last quarter. Invera Wealth Advisors LLC acquired a new position in iShares USD Green Bond ETF in the 2nd quarter valued at about $602,000. Finally, JFG Wealth Management LLC increased its position in iShares USD Green Bond ETF by 9.1% in the 2nd quarter. JFG Wealth Management LLC now owns 6,080 shares of the company’s stock valued at $283,000 after purchasing an additional 509 shares during the same period.
iShares USD Green Bond ETF shares rise 0.3%
BGRN shares opened at $47.78 on Friday. The iShares USD Green Bond ETF has a 52-week low of $44.18 and a 52-week high of $47.82. The stock has a 50-day average price of $46.99 and a 200-day average price of $46.66.
iShares USD Green Bond ETF increases dividend
The company also recently announced a monthly dividend, which was paid on Tuesday, August 6th. Investors of record on Thursday, August 1st were paid a dividend of $0.1637 per share. This represents a positive change from iShares USD Green Bond ETF’s previous monthly dividend of $0.15. This represents an annualized dividend of $1.96 and a yield of 4.11%. The ex-dividend date of this dividend was Thursday, August 1st.
About iShares USD Green Bond ETF
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The iShares USD Green Bond ETF (BGRN) is an exchange-traded fund that invests primarily in investment grade fixed income securities. The fund tracks a market value weighted index of USD-denominated investment grade government and corporate bonds linked to environmentally friendly projects identified by MSCI.
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