iShares Convertible Bond ETF (BATS:ICVT) Short Interest Update

iShares Convertible Bond ETF (BATS:ICVT) saw a significant growth in short interest in June. As of June 15th, there was short interest totaling 329,902 shares, a growth of 154.2% from the May 31st total of 129,774 shares. Based on an average trading volume of 988,711 shares, the short-interest ratio is presently 0.3 days. Approximately 1.2% of the company’s shares are short sold.

iShares Convertible Bond ETF Stock Performance

BATS:ICVT opened at $118.81 on Monday. The firm’s fifty day simple moving average is $117.82 and its 200 day simple moving average is $108.23. iShares Convertible Bond ETF has a twelve month low of $89.22 and a twelve month high of $126.56.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cassilly Financial Group LLC purchased a new stake in shares of iShares Convertible Bond ETF during the fourth quarter valued at approximately $824,000. Arete Wealth Advisors LLC increased its holdings in iShares Convertible Bond ETF by 328.4% in the third quarter. Arete Wealth Advisors LLC now owns 10,497 shares of the company’s stock valued at $1,051,000 after buying an additional 8,047 shares during the last quarter. Ascent Group LLC lifted its holdings in iShares Convertible Bond ETF by 25.8% during the 4th quarter. Ascent Group LLC now owns 30,816 shares of the company’s stock worth $3,035,000 after buying an additional 6,314 shares during the last quarter. Planwiser Financial LLC lifted its holdings in iShares Convertible Bond ETF by 58.8% during the 3rd quarter. Planwiser Financial LLC now owns 39,749 shares of the company’s stock worth $4,119,000 after buying an additional 14,717 shares during the last quarter. Finally, BlueStem Wealth Partners LLC grew its position in shares of iShares Convertible Bond ETF by 11.5% in the 3rd quarter. BlueStem Wealth Partners LLC now owns 137,357 shares of the company’s stock worth $13,743,000 after acquiring an additional 14,171 shares in the last quarter.

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.