iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) saw a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 568,425 shares, an increase of 443.4% from the July 30th total of 104,610 shares. Currently, 2.0% of the shares of the company are short sold. Based on an average daily volume of 633,299 shares, the days-to-cover ratio is currently 0.9 days.
Institutional Trading of iShares Convertible Bond ETF
A number of hedge funds have recently added to or reduced their stakes in ICVT. Sunbelt Securities Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 36.5% during the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after purchasing an additional 104 shares during the period. Quartz Partners LLC increased its stake in iShares Convertible Bond ETF by 0.6% in the 1st quarter. Quartz Partners LLC now owns 20,502 shares of the company’s stock valued at $2,087,000 after buying an additional 120 shares during the period. Security Financial Services INC. raised its position in iShares Convertible Bond ETF by 2.3% during the 1st quarter. Security Financial Services INC. now owns 5,470 shares of the company’s stock worth $557,000 after buying an additional 123 shares during the last quarter. Csenge Advisory Group raised its position in iShares Convertible Bond ETF by 4.5% during the 4th quarter. Csenge Advisory Group now owns 3,071 shares of the company’s stock worth $302,000 after buying an additional 131 shares during the last quarter. Finally, Key Financial Inc lifted its stake in shares of iShares Convertible Bond ETF by 1.3% in the 4th quarter. Key Financial Inc now owns 11,820 shares of the company’s stock worth $1,164,000 after acquiring an additional 146 shares during the period.
iShares Convertible Bond ETF Trading Down 0.0%
Shares of ICVT opened at $116.16 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $93.23 and a fifty-two week high of $126.56. The firm has a 50-day simple moving average of $116.81 and a 200-day simple moving average of $112.76.
iShares Convertible Bond ETF Company Profile
The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.
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