iShares Convertible Bond ETF (BATS:ICVT) Stock Short Interest Falls 41.5%

iShares Convertible Bond ETF (BATS:ICVT) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 758,469 shares, a decline of 41.5% from the September 30th total of 1,296,279 shares. Based on an average daily trading volume, of 651,398 shares, the days-to-cover ratio is currently 1.2 days. Currently, 2.7% of the company’s shares are short sold.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Hedge funds have recently bought and sold shares of the business. AMG National Trust Bank grew its stake in shares of iShares Convertible Bond ETF by 7.4% in the 1st quarter. AMG National Trust Bank now owns 565,061 shares of the company’s stock worth $57,518,000 after buying an additional 39,016 shares during the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of iShares Convertible Bond ETF by 0.9% during the 1st quarter. Prestige Wealth Management Group LLC now owns 297,589 shares of the company’s stock valued at $30,292,000 after purchasing an additional 2,570 shares during the period. Certified Advisory Corp raised its position in iShares Convertible Bond ETF by 7.1% in the third quarter. Certified Advisory Corp now owns 205,902 shares of the company’s stock worth $23,254,000 after acquiring an additional 13,686 shares during the period. Allianz Asset Management GmbH lifted its position in iShares Convertible Bond ETF by 168.3% during the second quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock valued at $21,463,000 after purchasing an additional 110,600 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in iShares Convertible Bond ETF by 45.0% during the third quarter. Onyx Bridge Wealth Group LLC now owns 163,352 shares of the company’s stock valued at $18,448,000 after purchasing an additional 50,712 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

Shares of BATS:ICVT opened at $105.17 on Monday. iShares Convertible Bond ETF has a 1 year low of $94.41 and a 1 year high of $126.56. The stock’s 50-day moving average is $111.70 and its 200 day moving average is $111.58.

About iShares Convertible Bond ETF

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.