iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD – Get Free Report) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 74,685,302 shares, a growth of 53.1% from the August 31st total of 48,788,139 shares. Based on an average trading volume of 27,660,041 shares, the days-to-cover ratio is presently 2.7 days. Currently, 27.9% of the shares of the company are sold short.
Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 430.0% during the 4th quarter. JPMorgan Chase & Co. now owns 3,932,215 shares of the exchange traded fund’s stock worth $433,291,000 after purchasing an additional 3,190,347 shares during the period. Greenleaf Trust bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at about $96,795,000. Oarsman Capital Inc. bought a new stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF in the second quarter valued at about $95,734,000. Hilltop Holdings Inc. grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 15.7% during the first quarter. Hilltop Holdings Inc. now owns 257,303 shares of the exchange traded fund’s stock worth $28,043,000 after buying an additional 34,847 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 6,160.6% during the first quarter. SG Americas Securities LLC now owns 241,595 shares of the exchange traded fund’s stock worth $26,331,000 after buying an additional 237,736 shares in the last quarter. 89.30% of the stock is owned by institutional investors.
iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Down 0.2%
Shares of iShares iBoxx $ Investment Grade Corporate Bond ETF stock opened at $101.83 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 1 year low of $101.19 and a 1 year high of $112.93. The company’s fifty day simple moving average is $105.31 and its 200-day simple moving average is $107.47. The company has a market cap of $26.88 billion, a price-to-earnings ratio of 32.25 and a beta of 0.44.
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.
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