Short Interest in iShares Convertible Bond ETF (BATS:ICVT) Expands By 156.7%

iShares Convertible Bond ETF (BATS:ICVT) was the target of a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 846,838 shares, a growth of 156.7% from the June 15th total of 329,902 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average trading volume of 700,512 shares, the short-interest ratio is presently 1.2 days.

iShares Convertible Bond ETF Stock Down 1.3%

Shares of BATS ICVT opened at $116.38 on Tuesday. The firm’s 50-day moving average price is $119.26 and its 200-day moving average price is $109.70. iShares Convertible Bond ETF has a 52-week low of $90.77 and a 52-week high of $126.56.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Advocates LLC grew its position in iShares Convertible Bond ETF by 94.8% in the 4th quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after purchasing an additional 181 shares during the period. Sunbelt Securities Inc. lifted its holdings in shares of iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock valued at $39,000 after buying an additional 104 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of iShares Convertible Bond ETF in the 1st quarter worth $58,000. CIBC Private Wealth Group LLC boosted its stake in shares of iShares Convertible Bond ETF by 160.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after buying an additional 376 shares during the last quarter. Finally, Cape Investment Advisory Inc. grew its holdings in shares of iShares Convertible Bond ETF by 73.1% in the third quarter. Cape Investment Advisory Inc. now owns 611 shares of the company’s stock worth $61,000 after acquiring an additional 258 shares during the period.

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.