iShares Convertible Bond ETF (BATS:ICVT) Short Interest Down 40.3% in July

iShares Convertible Bond ETF (BATS:ICVT) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totaling 104,610 shares, a decrease of 40.3% from the July 15th total of 175,102 shares. Based on an average trading volume of 475,559 shares, the short-interest ratio is currently 0.2 days. Approximately 0.4% of the company’s shares are short sold.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $119.12 on Tuesday. The business has a fifty day moving average of $117.57 and a two-hundred day moving average of $112.09. iShares Convertible Bond ETF has a 52-week low of $91.56 and a 52-week high of $126.56.

Hedge Funds Weigh In On iShares Convertible Bond ETF

Hedge funds have recently modified their holdings of the business. Focus Partners Wealth acquired a new position in iShares Convertible Bond ETF in the first quarter valued at about $663,000. Creative Planning acquired a new stake in shares of iShares Convertible Bond ETF during the second quarter valued at about $350,000. Qube Research & Technologies Ltd increased its position in shares of iShares Convertible Bond ETF by 144.6% during the second quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock valued at $300,000 after acquiring an additional 1,969 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of iShares Convertible Bond ETF by 137.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock valued at $4,871,000 after acquiring an additional 31,263 shares during the period. Finally, MML Investors Services LLC raised its stake in shares of iShares Convertible Bond ETF by 7.5% in the 2nd quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock valued at $12,959,000 after acquiring an additional 9,991 shares during the period.

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.