iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW – Get Free Report) saw a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 34,929 shares, a growth of 1,313.6% from the May 14th total of 2,471 shares. Based on an average daily volume of 69,163 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are sold short.
iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Price Performance
BATS:LQDW opened at $23.78 on Thursday. The stock has a 50 day simple moving average of $23.97 and a 200 day simple moving average of $24.36. iShares Investment Grade Corporate Bond BuyWrite Strategy ETF has a 1-year low of $23.60 and a 1-year high of $25.60.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Triumph Capital Management bought a new stake in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the third quarter valued at about $201,000. Private Trust Co. NA increased its position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% during the fourth quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock worth $285,000 after acquiring an additional 6,000 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the 1st quarter worth about $410,000.
About iShares Investment Grade Corporate Bond BuyWrite Strategy ETF
The iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) is an exchange-traded fund that is based on the CBOE LQD BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF and writes one-month call options against the shares. LQDW was launched on Aug 18, 2022 and is managed by BlackRock.
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