iShares Convertible Bond ETF (BATS:ICVT) Sees Significant Decline in Short Interest

iShares Convertible Bond ETF (BATS:ICVT) saw a large decline in short interest during the month of October. As of October 30th, there was short interest totaling 86,887 shares, a decline of 88.5% from the October 15th total of 758,469 shares. Based on an average daily trading volume, of 1,084,501 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Trading of iShares Convertible Bond ETF

Institutional investors have recently made changes to their positions in the company. One Wealth Advisors LLC purchased a new stake in shares of iShares Convertible Bond ETF during the third quarter worth approximately $250,000. CacheTech Inc. grew its holdings in shares of iShares Convertible Bond ETF by 1.8% during the third quarter. CacheTech Inc. now owns 134,497 shares of the company’s stock worth $15,189,000 after buying an additional 2,413 shares in the last quarter. Advisors Asset Management Inc. purchased a new stake in shares of iShares Convertible Bond ETF during the third quarter worth $1,808,000. Curtis Wealth Management LLC purchased a new stake in shares of iShares Convertible Bond ETF during the third quarter worth $395,000. Finally, Shared Vision Wealth Group LLC raised its position in shares of iShares Convertible Bond ETF by 10.4% in the third quarter. Shared Vision Wealth Group LLC now owns 3,395 shares of the company’s stock valued at $383,000 after buying an additional 319 shares during the last quarter.

iShares Convertible Bond ETF Trading Down 1.1%

BATS:ICVT opened at $103.21 on Friday. iShares Convertible Bond ETF has a 12 month low of $94.41 and a 12 month high of $126.56. The stock has a 50 day moving average of $109.63 and a two-hundred day moving average of $111.57.

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.