iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Short Interest Down 13.1% in January

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,323 shares, a decrease of 13.1% from the December 31st total of 3,826 shares. Based on an average daily volume of 1,407 shares, the short-interest ratio is currently 2.4 days. Approximately 0.6% of the shares of the company are sold short. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,407 shares, the short-interest ratio is currently 2.4 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of America Corp DE grew its holdings in iShares BBB Rated Corporate Bond ETF by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 45,370 shares of the company’s stock worth $3,991,000 after acquiring an additional 10,326 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of iShares BBB Rated Corporate Bond ETF by 8.2% in the 3rd quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock valued at $1,977,000 after buying an additional 1,706 shares during the period. Finally, Integrated Wealth Concepts LLC grew its position in iShares BBB Rated Corporate Bond ETF by 5.0% during the third quarter. Integrated Wealth Concepts LLC now owns 7,400 shares of the company’s stock valued at $651,000 after buying an additional 350 shares during the period.

iShares BBB Rated Corporate Bond ETF Price Performance

NYSEARCA LQDB traded down $0.29 on Tuesday, reaching $87.09. 897 shares of the stock were exchanged, compared to its average volume of 3,433. The company’s 50-day simple moving average is $87.41 and its two-hundred day simple moving average is $87.43. iShares BBB Rated Corporate Bond ETF has a one year low of $82.73 and a one year high of $88.86.

iShares BBB Rated Corporate Bond ETF Company Profile

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.