iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Get Free Report) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 254 shares, an increase of 98.4% from the August 15th total of 128 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 4,153 shares, the days-to-cover ratio is currently 0.1 days.
iShares BBB Rated Corporate Bond ETF Stock Up 0.1%
Shares of LQDB stock opened at $83.64 on Thursday. The business has a 50-day moving average price of $84.73 and a two-hundred day moving average price of $85.78. iShares BBB Rated Corporate Bond ETF has a 12-month low of $83.49 and a 12-month high of $88.86.
Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF
A number of large investors have recently modified their holdings of the company. Insight Wealth Partners LLC lifted its holdings in shares of iShares BBB Rated Corporate Bond ETF by 12.2% in the 2nd quarter. Insight Wealth Partners LLC now owns 30,240 shares of the company’s stock worth $2,615,000 after acquiring an additional 3,299 shares during the last quarter. Royal Bank of Canada bought a new position in shares of iShares BBB Rated Corporate Bond ETF during the 1st quarter valued at $334,000. Finally, Harbour Investments Inc. grew its holdings in shares of iShares BBB Rated Corporate Bond ETF by 146.0% during the 4th quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock valued at $86,000 after purchasing an additional 584 shares during 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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