iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Short Interest Update

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw a large increase in short interest in January. As of January 15th, there was short interest totaling 63,209,547 shares, an increase of 39.9% from the December 31st total of 45,175,603 shares. Approximately 25.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 29,056,402 shares, the short-interest ratio is presently 2.2 days. Based on an average daily trading volume, of 29,056,402 shares, the short-interest ratio is presently 2.2 days. Approximately 25.7% of the shares of the stock are short sold.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds have recently added to or reduced their stakes in the business. Penn Mutual Asset Management bought a new position in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at about $142,182,000. BNP Paribas grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 420.8% during the 2nd quarter. BNP Paribas now owns 1,196,854 shares of the exchange traded fund’s stock worth $131,187,000 after acquiring an additional 967,036 shares during the last quarter. SG Americas Securities LLC grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 39,975.2% during the 2nd quarter. SG Americas Securities LLC now owns 859,213 shares of the exchange traded fund’s stock worth $94,178,000 after acquiring an additional 857,069 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 82.9% in the second quarter. JPMorgan Chase & Co. now owns 1,852,569 shares of the exchange traded fund’s stock worth $203,060,000 after purchasing an additional 839,768 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in iShares iBoxx $ Investment Grade Corporate Bond ETF by 1,111.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 306,112 shares of the exchange traded fund’s stock valued at $34,122,000 after buying an additional 280,834 shares during the last quarter. 89.30% of the stock is owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

NYSEARCA LQD traded down $0.11 on Friday, reaching $110.57. 39,631,412 shares of the company’s stock traded hands, compared to its average volume of 32,284,465. The stock has a market cap of $27.93 billion, a PE ratio of 32.25 and a beta of 0.46. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12 month low of $103.45 and a 12 month high of $112.93. The stock has a 50-day simple moving average of $110.72 and a 200 day simple moving average of $110.70.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.