Short Interest in iShares Convertible Bond ETF (BATS:ICVT) Drops By 79.3%

iShares Convertible Bond ETF (BATS:ICVT) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 175,102 shares, a decrease of 79.3% from the June 30th total of 846,838 shares. Based on an average daily volume of 709,907 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the company’s stock are short sold.

Institutional Trading of iShares Convertible Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ocean Park Asset Management LLC acquired a new position in shares of iShares Convertible Bond ETF during the 1st quarter worth about $42,772,000. Tradewinds Capital Management LLC raised its position in shares of iShares Convertible Bond ETF by 9,488.8% during the 4th quarter. Tradewinds Capital Management LLC now owns 189,666 shares of the company’s stock worth $18,682,000 after acquiring an additional 187,688 shares in the last quarter. LPL Financial LLC raised its position in shares of iShares Convertible Bond ETF by 20.2% during the 4th quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock worth $101,956,000 after acquiring an additional 174,077 shares in the last quarter. Systelligence LLC lifted its stake in iShares Convertible Bond ETF by 168.1% during the fourth quarter. Systelligence LLC now owns 219,777 shares of the company’s stock worth $21,648,000 after purchasing an additional 137,808 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in iShares Convertible Bond ETF in the fourth quarter valued at approximately $13,564,000.

iShares Convertible Bond ETF Stock Performance

Shares of ICVT opened at $113.75 on Friday. The firm’s fifty day simple moving average is $118.84 and its 200-day simple moving average is $110.63. iShares Convertible Bond ETF has a twelve month low of $90.77 and a twelve month high of $126.56.

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.