Ameriprise Financial Inc. lifted its stake in shares of iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ: USIG) by 15.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,508,464 shares of the company's stock after acquiring an additional 1,530,288 shares during
iShares Broad USD Investment Grade Corporate Bond ETF (NASDAQ: USIG - Get Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 1,375,170 shares, a decrease of 20.2% from the February 12th total of 1,723,143 shares. Based on an average
The iShares Broad USD Investment Grade Corporate Bond ETF offers long duration and credit exposure. USIG's price is sensitive to benchmark rate changes, with current market bets on rate cuts backed by leading rent disinflation and contained PPI. Credit spreads have widened slightly, offering a modest margin, but rising unemployment explain the widening spreads.
The iShares Broad USD Investment Grade Corporate Bond ETF has high duration, making it vulnerable to rate risks, especially with volatile long-term rates due to inflation persistency concerns. Inflation expectations have risen significantly, likely linked to tariff concerns which really matter for the US as the world's consumer market. Inflation expectations are by far the most important causative factor for realised inflation, and they are significantly higher now than for most of 2024.