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

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 95,284 shares, a growth of 792.3% from the June 15th total of 10,679 shares. Based on an average daily volume of 84,485 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

A number of institutional investors and hedge funds have recently made changes to their positions in LQDW. Janney Montgomery Scott LLC purchased a new stake in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF during the 1st quarter valued at about $410,000. Private Trust Co. NA raised its position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% during the fourth quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock valued at $285,000 after purchasing an additional 6,000 shares during the period. Finally, Triumph Capital Management purchased a new position in shares of iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the 3rd quarter worth approximately $201,000.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Stock Down 0.4%

BATS LQDW traded down $0.09 during trading hours on Friday, reaching $23.62. The company’s stock had a trading volume of 26,846 shares, compared to its average volume of 63,400. The firm’s 50-day moving average price is $23.89 and its 200-day moving average price is $24.22. iShares Investment Grade Corporate Bond BuyWrite Strategy ETF has a 1 year low of $23.60 and a 1 year high of $25.60.

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.