iShares Convertible Bond ETF (BATS:ICVT – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 104,610 shares, a decrease of 40.3% from the July 15th total of 175,102 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 475,559 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Trading of iShares Convertible Bond ETF
A number of large investors have recently modified their holdings of ICVT. Sunbelt Securities Inc. grew its position in shares of iShares Convertible Bond ETF by 36.5% in the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after purchasing an additional 104 shares during the last quarter. Quartz Partners LLC increased its stake in shares of iShares Convertible Bond ETF by 0.6% in the first quarter. Quartz Partners LLC now owns 20,502 shares of the company’s stock worth $2,087,000 after purchasing an additional 120 shares during the period. Security Financial Services INC. lifted its position in shares of 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 purchasing an additional 123 shares during the last quarter. Csenge Advisory Group lifted its position in shares of 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 purchasing an additional 131 shares during the last quarter. Finally, Key Financial Inc boosted its stake in iShares Convertible Bond ETF by 1.3% during the 4th quarter. Key Financial Inc now owns 11,820 shares of the company’s stock valued at $1,164,000 after purchasing an additional 146 shares during the period.
iShares Convertible Bond ETF Trading Down 2.3%
ICVT stock opened at $116.42 on Wednesday. iShares Convertible Bond ETF has a 1 year low of $91.56 and a 1 year high of $126.56. The stock’s fifty day moving average is $117.56 and its two-hundred day moving average is $112.16.
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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