iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) was the target of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 329,902 shares, an increase of 154.2% from the May 31st total of 129,774 shares. Currently, 1.2% of the company’s shares are short sold. Based on an average daily trading volume, of 988,711 shares, the short-interest ratio is currently 0.3 days.
Institutional Investors Weigh In On iShares Convertible Bond ETF
Several institutional investors and hedge funds have recently made changes to their positions in ICVT. Strategic Advocates LLC increased its holdings in iShares Convertible Bond ETF by 94.8% in the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after purchasing an additional 181 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after buying an additional 104 shares in the last quarter. Huntington National Bank boosted its holdings in shares of iShares Convertible Bond ETF by 54,600.0% during the 3rd quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after buying an additional 546 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in shares of iShares Convertible Bond ETF during the 1st quarter worth approximately $58,000. Finally, CIBC Private Wealth Group LLC grew its position in shares of iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after buying an additional 376 shares during the period.
iShares Convertible Bond ETF Trading Up 1.7%
Shares of iShares Convertible Bond ETF stock opened at $120.81 on Tuesday. The business has a 50-day moving average price of $118.02 and a two-hundred day moving average price of $108.37. iShares Convertible Bond ETF has a 1-year low of $89.22 and a 1-year high of $126.56.
About iShares Convertible Bond ETF
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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