iShares Convertible Bond ETF (BATS:ICVT) Stock Short Interest Falls 41.5%

iShares Convertible Bond ETF (BATS:ICVT) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 758,469 shares, a decline of 41.5% from the September 30th total of 1,296,279 shares. Currently, 2.7% of the shares of the company are sold short. Based on an average daily volume of 651,398 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of iShares Convertible Bond ETF

A number of hedge funds have recently made changes to their positions in ICVT. Ascent Group LLC grew its stake in iShares Convertible Bond ETF by 16.9% in the third quarter. Ascent Group LLC now owns 13,387 shares of the company’s stock worth $1,512,000 after purchasing an additional 1,931 shares during the period. Provenance Wealth Advisors LLC bought a new position in shares of iShares Convertible Bond ETF during the third quarter worth $101,000. Integrity Alliance LLC. purchased a new stake in iShares Convertible Bond ETF during the third quarter valued at $223,000. Certified Advisory Corp raised its position in iShares Convertible Bond ETF by 7.1% in the 3rd quarter. Certified Advisory Corp now owns 205,902 shares of the company’s stock worth $23,254,000 after purchasing an additional 13,686 shares during the period. Finally, Trek Financial LLC boosted its holdings in shares of iShares Convertible Bond ETF by 857.1% in the third quarter. Trek Financial LLC now owns 46,861 shares of the company’s stock valued at $5,292,000 after purchasing an additional 41,965 shares during the period.

iShares Convertible Bond ETF Trading Down 2.1%

Shares of iShares Convertible Bond ETF stock opened at $105.17 on Friday. iShares Convertible Bond ETF has a fifty-two week low of $94.41 and a fifty-two week high of $126.56. The stock has a 50 day moving average of $111.70 and a 200 day moving average of $111.58.

About iShares Convertible Bond ETF

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.