iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 175,102 shares, a drop of 79.3% from the June 30th total of 846,838 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily trading volume, of 709,907 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On iShares Convertible Bond ETF
Several large investors have recently modified their holdings of the business. Ocean Park Asset Management LLC purchased a new stake in shares of iShares Convertible Bond ETF in the 1st quarter worth approximately $42,772,000. Tradewinds Capital Management LLC increased its holdings in iShares Convertible Bond ETF by 9,488.8% during the fourth quarter. Tradewinds Capital Management LLC now owns 189,666 shares of the company’s stock valued at $18,682,000 after buying an additional 187,688 shares during the period. LPL Financial LLC increased its holdings in iShares Convertible Bond ETF by 20.2% during the fourth quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock valued at $101,956,000 after buying an additional 174,077 shares during the period. Systelligence LLC increased its holdings in iShares Convertible Bond ETF by 168.1% during the fourth quarter. Systelligence LLC now owns 219,777 shares of the company’s stock valued at $21,648,000 after buying an additional 137,808 shares during the period. Finally, Jane Street Group LLC bought a new position in iShares Convertible Bond ETF in the fourth quarter worth approximately $13,564,000.
iShares Convertible Bond ETF Stock Down 1.9%
BATS:ICVT opened at $113.75 on Friday. iShares Convertible Bond ETF has a 1-year low of $90.77 and a 1-year high of $126.56. The company has a 50-day moving average of $118.84 and a 200 day moving average of $110.63.
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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