iShares Convertible Bond ETF (BATS:ICVT) Short Interest Down 80.3% in May

iShares Convertible Bond ETF (BATS:ICVT) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 129,774 shares, a decrease of 80.3% from the May 14th total of 657,266 shares. Based on an average daily volume of 798,421 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the stock are sold short.

iShares Convertible Bond ETF Stock Performance

ICVT stock opened at $115.55 on Thursday. The company has a 50 day moving average price of $114.03 and a 200 day moving average price of $106.31. iShares Convertible Bond ETF has a fifty-two week low of $87.43 and a fifty-two week high of $124.22.

Institutional Trading of iShares Convertible Bond ETF

A number of institutional investors have recently modified their holdings of ICVT. Town Capital LLC acquired a new stake in shares of iShares Convertible Bond ETF in the first quarter valued at approximately $377,000. Parallel Advisors LLC increased its position in shares of iShares Convertible Bond ETF by 28.8% in the first quarter. Parallel Advisors LLC now owns 2,305 shares of the company’s stock valued at $235,000 after acquiring an additional 515 shares during the last quarter. Security Financial Services INC. raised its holdings in iShares Convertible Bond ETF by 2.3% during the first quarter. Security Financial Services INC. now owns 5,470 shares of the company’s stock worth $557,000 after acquiring an additional 123 shares in the last quarter. Mascagni Wealth Management Inc. raised its holdings in iShares Convertible Bond ETF by 9.3% during the first quarter. Mascagni Wealth Management Inc. now owns 81,241 shares of the company’s stock worth $8,270,000 after acquiring an additional 6,891 shares in the last quarter. Finally, Ashton Thomas Securities LLC acquired a new position in iShares Convertible Bond ETF during the first quarter valued at approximately $58,000.

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.