iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Short Interest Down 74.0% in August

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the recipient of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 128 shares, a drop of 74.0% from the July 30th total of 493 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 870 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. raised its stake in iShares BBB Rated Corporate Bond ETF by 146.0% during the 4th quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock valued at $86,000 after acquiring an additional 584 shares in the last quarter. Royal Bank of Canada acquired a new position in shares of iShares BBB Rated Corporate Bond ETF during the first quarter valued at $334,000. Integrated Wealth Concepts LLC increased its holdings in shares of iShares BBB Rated Corporate Bond ETF by 4.5% during the first quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock valued at $598,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of iShares BBB Rated Corporate Bond ETF during the fourth quarter valued at about $1,790,000. Finally, Citadel Advisors LLC raised its stake in shares of iShares BBB Rated Corporate Bond ETF by 8.2% during the third quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock valued at $1,977,000 after purchasing an additional 1,706 shares in the last quarter.

iShares BBB Rated Corporate Bond ETF Price Performance

NYSEARCA LQDB traded down $0.23 on Friday, hitting $84.89. The stock had a trading volume of 647 shares, compared to its average volume of 4,388. iShares BBB Rated Corporate Bond ETF has a one year low of $84.46 and a one year high of $88.86. The company’s 50-day moving average is $85.31 and its two-hundred day moving average is $86.15.

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.