iShares Convertible Bond ETF (BATS:ICVT) Shares Shorted: Short Interest Down 88.5% in October

iShares Convertible Bond ETF (BATS:ICVT) was the target of a large drop in short interest in October. As of October 30th, there was short interest totaling 86,887 shares, a drop of 88.5% from the October 15th total of 758,469 shares. Based on an average daily volume of 1,084,501 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Hedge funds have recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its stake in shares of iShares Convertible Bond ETF by 30.4% during the second quarter. NewEdge Advisors LLC now owns 85,064 shares of the company’s stock valued at $10,356,000 after acquiring an additional 19,854 shares during the last quarter. Allianz Asset Management GmbH raised its stake in iShares Convertible Bond ETF by 168.3% in the 2nd quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock valued at $21,463,000 after purchasing an additional 110,600 shares during the last quarter. Fifth Third Bancorp acquired a new position in iShares Convertible Bond ETF in the 1st quarter valued at about $560,000. Lido Advisors LLC lifted its holdings in iShares Convertible Bond ETF by 225.4% in the 1st quarter. Lido Advisors LLC now owns 19,358 shares of the company’s stock valued at $1,970,000 after purchasing an additional 13,409 shares in the last quarter. Finally, Cornerstone Planning Group LLC lifted its holdings in iShares Convertible Bond ETF by 5.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 178,460 shares of the company’s stock valued at $18,165,000 after purchasing an additional 8,480 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of iShares Convertible Bond ETF stock opened at $102.61 on Wednesday. iShares Convertible Bond ETF has a 1 year low of $94.41 and a 1 year high of $126.56. The business has a 50 day moving average price of $109.98 and a 200 day moving average price of $111.57.

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.