iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) Sees Significant Drop in Short Interest

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 19,211 shares, a drop of 94.6% from the September 30th total of 352,762 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 68,387 shares, the short-interest ratio is presently 0.3 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Roble Belko & Company Inc acquired a new stake in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF during the 2nd quarter valued at approximately $3,808,000. HORAN Wealth LLC acquired a new position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the second quarter worth $607,000. Prime Capital Investment Advisors LLC increased its stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 5.2% during the third quarter. Prime Capital Investment Advisors LLC now owns 156,278 shares of the company’s stock valued at $3,552,000 after purchasing an additional 7,714 shares during the last quarter. NBH Bank bought a new stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF during the second quarter valued at $85,000. Finally, United Community Bank acquired a new stake in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF during the second quarter worth $293,000.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Stock Up 0.3%

Shares of LQDW stock opened at $22.86 on Wednesday. iShares Investment Grade Corporate Bond BuyWrite Strategy ETF has a one year low of $22.28 and a one year high of $25.42. The company’s 50-day simple moving average is $22.93 and its 200-day simple moving average is $23.78.

About iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

The iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) is an exchange-traded fund that is based on the CBOE LQD BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF and writes one-month call options against the shares. LQDW was launched on Aug 18, 2022 and is managed by BlackRock.