iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totaling 254 shares, a growth of 98.4% from the August 15th total of 128 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 4,153 shares, the short-interest ratio is currently 0.1 days.
iShares BBB Rated Corporate Bond ETF Stock Performance
NYSEARCA LQDB traded down $0.01 on Tuesday, hitting $83.55. 2,847 shares of the company’s stock traded hands, compared to its average volume of 4,562. iShares BBB Rated Corporate Bond ETF has a 1-year low of $83.49 and a 1-year high of $88.86. The firm’s 50-day moving average price is $84.81 and its two-hundred day moving average price is $85.84.
Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LQDB. Insight Wealth Partners LLC increased its stake in shares of iShares BBB Rated Corporate Bond ETF by 12.2% during the second quarter. Insight Wealth Partners LLC now owns 30,240 shares of the company’s stock worth $2,615,000 after purchasing an additional 3,299 shares in the last quarter. Royal Bank of Canada purchased a new position in iShares BBB Rated Corporate Bond ETF in the 1st quarter valued at about $334,000. Finally, Harbour Investments Inc. boosted its holdings in iShares BBB Rated Corporate Bond ETF by 146.0% in the 4th quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock worth $86,000 after buying an additional 584 shares during the last quarter.
About iShares BBB Rated Corporate Bond ETF
The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB rated USD denominated corporate bonds with at least one year to maturity. LQDB was launched on May 18, 2021 and is managed by BlackRock.
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