iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) Sees Significant Growth in Short Interest

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 95,284 shares, an increase of 792.3% from the June 15th total of 10,679 shares. Based on an average daily trading volume, of 84,485 shares, the short-interest ratio is currently 1.1 days. Approximately 1.0% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in LQDW. Triumph Capital Management purchased a new position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF during the third quarter worth about $201,000. Private Trust Co. NA lifted its position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% in the fourth quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock valued at $285,000 after purchasing an additional 6,000 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the 1st quarter valued at approximately $410,000.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Stock Performance

LQDW traded down $0.09 during trading on Friday, hitting $23.62. The stock had a trading volume of 26,846 shares, compared to its average volume of 63,400. iShares Investment Grade Corporate Bond BuyWrite Strategy ETF has a twelve month low of $23.60 and a twelve month high of $25.60. The company’s 50-day moving average price is $23.89 and its 200 day moving average price is $24.22.

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.