Short Interest in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Expands By 41.6%

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the target of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 9,948 shares, a growth of 41.6% from the February 26th total of 7,027 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 9,029 shares, the short-interest ratio is presently 1.1 days.

iShares BBB Rated Corporate Bond ETF Stock Performance

Shares of LQDB stock traded up $0.35 during trading hours on Monday, reaching $85.84. The company had a trading volume of 1,857 shares, compared to its average volume of 4,888. The business has a fifty day moving average price of $87.18 and a 200-day moving average price of $87.51. iShares BBB Rated Corporate Bond ETF has a one year low of $82.73 and a one year high of $88.86.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of LQDB. Integrated Wealth Concepts LLC increased its position in iShares BBB Rated Corporate Bond ETF by 1.7% during the fourth quarter. Integrated Wealth Concepts LLC now owns 7,525 shares of the company’s stock valued at $656,000 after acquiring an additional 125 shares during the last quarter. Jane Street Group LLC boosted its position in iShares BBB Rated Corporate Bond ETF by 41.9% in the fourth quarter. Jane Street Group LLC now owns 28,557 shares of the company’s stock worth $2,488,000 after purchasing an additional 8,433 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of iShares BBB Rated Corporate Bond ETF during the 4th quarter valued at about $1,790,000. Harbour Investments Inc. increased its position in shares of 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 purchasing an additional 584 shares during the last quarter. Finally, Citadel Advisors LLC lifted its stake in shares of 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 worth $1,977,000 after purchasing an additional 1,706 shares during the period.

About iShares BBB Rated Corporate Bond ETF

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.