iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Get Free Report) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 128 shares, a decline of 74.0% from the July 30th total of 493 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 870 shares, the days-to-cover ratio is presently 0.1 days.
iShares BBB Rated Corporate Bond ETF Stock Down 0.0%
iShares BBB Rated Corporate Bond ETF stock traded down $0.03 during trading hours on Thursday, reaching $85.12. 201 shares of the stock were exchanged, compared to its average volume of 4,411. iShares BBB Rated Corporate Bond ETF has a 52-week low of $84.46 and a 52-week high of $88.86. The firm’s 50 day moving average is $85.36 and its 200 day moving average is $86.18.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in LQDB. Harbour Investments Inc. raised its holdings in iShares BBB Rated Corporate Bond ETF by 146.0% during the fourth quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock worth $86,000 after purchasing an additional 584 shares in the last quarter. Royal Bank of Canada purchased a new stake in iShares BBB Rated Corporate Bond ETF in the 1st quarter valued at approximately $334,000. Integrated Wealth Concepts LLC increased its position in iShares BBB Rated Corporate Bond ETF by 4.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock worth $598,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. purchased a new position in shares of iShares BBB Rated Corporate Bond ETF during the 4th quarter worth approximately $1,790,000. Finally, Citadel Advisors LLC raised its stake in shares of iShares BBB Rated Corporate Bond ETF by 8.2% during the 3rd quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock worth $1,977,000 after buying an additional 1,706 shares in the last quarter.
About iShares BBB Rated Corporate Bond ETF
The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB rated USD denominated corporate bonds with at least one year to maturity. LQDB was launched on May 18, 2021 and is managed by BlackRock.
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