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

iShares Convertible Bond ETF (BATS:ICVT) saw a significant growth in short interest in August. As of August 14th, there was short interest totaling 568,425 shares, a growth of 443.4% from the July 30th total of 104,610 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 633,299 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Hedge funds have recently modified their holdings of the stock. Strategic Advocates LLC raised its holdings in shares of iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock valued at $37,000 after acquiring an additional 181 shares during the period. Sunbelt Securities Inc. grew its position in iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after purchasing an additional 104 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in iShares Convertible Bond ETF during the 1st quarter worth approximately $58,000. CIBC Private Wealth Group LLC raised its stake in iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock valued at $60,000 after purchasing an additional 376 shares during the period. Finally, NBT Bank N A NY raised its stake in iShares Convertible Bond ETF by 527.3% during the 1st quarter. NBT Bank N A NY now owns 621 shares of the company’s stock valued at $63,000 after purchasing an additional 522 shares during the period.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT traded up $0.52 on Thursday, reaching $116.02. 665,688 shares of the company traded hands, compared to its average volume of 767,970. The company’s 50 day moving average is $116.98 and its 200-day moving average is $112.68. iShares Convertible Bond ETF has a fifty-two week low of $93.23 and a fifty-two week high of $126.56.

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.