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flag iShares Fallen Angels USD Bond ETF hits new low at $26.06, down 30.5% in institutional trading.

flag The iShares Fallen Angels USD Bond ETF (FALN) hit a new 52-week low, trading at $26.06. flag This ETF, which focuses on high-yield bonds that were once rated investment grade but were later downgraded, has seen a 30.5% drop in institutional trading in the last quarter. flag Launched in June 2016 and managed by BlackRock, FALN has a 50-day moving average of $26.71 and a 200-day moving average of $26.91.

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