Short Interest in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Increases By 691.8%

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 10,349 shares, an increase of 691.8% from the January 29th total of 1,307 shares. Currently, 1.9% of the shares of the stock are sold short. Based on an average daily volume of 9,728 shares, the short-interest ratio is presently 1.1 days. Based on an average daily volume of 9,728 shares, the short-interest ratio is presently 1.1 days. Currently, 1.9% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in LQDB. Goldman Sachs Group Inc. purchased a new position in shares of iShares BBB Rated Corporate Bond ETF in the fourth quarter valued at approximately $1,790,000. Bank of America Corp DE raised its stake in iShares BBB Rated Corporate Bond ETF by 29.5% in the 3rd quarter. Bank of America Corp DE now owns 45,370 shares of the company’s stock valued at $3,991,000 after purchasing an additional 10,326 shares during the last quarter. Jane Street Group LLC raised its stake in iShares BBB Rated Corporate Bond ETF by 41.9% in the 4th quarter. Jane Street Group LLC now owns 28,557 shares of the company’s stock valued at $2,488,000 after purchasing an additional 8,433 shares during the last quarter. Citadel Advisors LLC lifted its holdings in iShares BBB Rated Corporate Bond ETF by 8.2% in the 3rd 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. Finally, Harbour Investments Inc. grew its holdings in shares of iShares BBB Rated Corporate Bond ETF by 146.0% during the fourth quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock worth $86,000 after buying an additional 584 shares in the last quarter.

iShares BBB Rated Corporate Bond ETF Stock Down 0.0%

Shares of LQDB stock traded down $0.02 on Wednesday, reaching $88.03. 1,299 shares of the company were exchanged, compared to its average volume of 5,127. iShares BBB Rated Corporate Bond ETF has a 1 year low of $82.73 and a 1 year high of $88.86. The business has a 50-day moving average price of $87.48 and a 200 day moving average price of $87.58.

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.