iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Stock Short Interest Jumps 143.4%

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the recipient of a large growth in short interest in October. As of October 30th, there was short interest totaling 387 shares, a growth of 143.4% from the October 15th total of 159 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,760 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of iShares BBB Rated Corporate Bond ETF

Several institutional investors and hedge funds have recently bought and sold shares of LQDB. Harbour Investments Inc. bought a new stake in iShares BBB Rated Corporate Bond ETF during the 3rd quarter valued at approximately $81,000. Insight Wealth Partners LLC grew its holdings in shares of iShares BBB Rated Corporate Bond ETF by 12.2% during 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 period. Finally, Royal Bank of Canada purchased a new position in shares of iShares BBB Rated Corporate Bond ETF during the 1st quarter worth approximately $334,000.

iShares BBB Rated Corporate Bond ETF Price Performance

Shares of NYSEARCA LQDB traded down $0.15 during midday trading on Friday, hitting $82.43. 873 shares of the company traded hands, compared to its average volume of 4,078. iShares BBB Rated Corporate Bond ETF has a 12-month low of $81.76 and a 12-month high of $88.40. The stock has a 50-day moving average price of $83.06 and a 200 day moving average price of $85.38.

iShares BBB Rated Corporate Bond ETF Company Profile

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.