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

iShares Convertible Bond ETF (BATS:ICVT) saw a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 892,275 shares, an increase of 126.7% from the August 31st total of 393,605 shares. Currently, 3.2% of the company’s shares are sold short. Based on an average daily volume of 630,469 shares, the short-interest ratio is presently 1.4 days.

iShares Convertible Bond ETF Stock Performance

Shares of BATS ICVT opened at $114.09 on Friday. The firm has a 50 day moving average price of $114.82 and a two-hundred day moving average price of $114.08. iShares Convertible Bond ETF has a 52-week low of $94.41 and a 52-week high of $126.56.

Institutional Trading of iShares Convertible Bond ETF

Several institutional investors have recently added to or reduced their stakes in ICVT. Strategic Advocates LLC grew its holdings in iShares Convertible Bond ETF by 94.8% during the 4th quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after acquiring an additional 181 shares during the period. Ashton Thomas Securities LLC acquired a new position in iShares Convertible Bond ETF during the first quarter worth $58,000. NBT Bank N A NY raised its holdings in shares of iShares Convertible Bond ETF by 527.3% in the 1st quarter. NBT Bank N A NY now owns 621 shares of the company’s stock worth $63,000 after acquiring an additional 522 shares during the last quarter. Evolution Wealth Management Inc. purchased a new stake in shares of iShares Convertible Bond ETF in the fourth quarter worth approximately $69,000. Finally, Portfolio Resources Advisor Group Inc. purchased a new stake in iShares Convertible Bond ETF in the 4th quarter valued at $70,000.

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.