SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG) Sees Significant Drop in Short Interest

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG) was the target of a significant decrease in short interest in the month of January. As of January 30th, there was short interest totaling 5,087 shares, a decrease of 47.1% from the January 15th total of 9,613 shares. Based on an average trading volume of 3,805 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.7% of the company’s shares are sold short. Currently, 1.7% of the company’s shares are sold short. Based on an average trading volume of 3,805 shares, the days-to-cover ratio is presently 1.3 days.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Stock Performance

Shares of NYSEARCA:LQIG traded up $0.32 during mid-day trading on Thursday, reaching $96.53. The stock had a trading volume of 280 shares, compared to its average volume of 8,221. SPDR MarketAxess Investment Grade 400 Corporate Bond ETF has a twelve month low of $91.09 and a twelve month high of $98.19. The firm has a 50 day simple moving average of $95.99 and a two-hundred day simple moving average of $96.33.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a $0.3389 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Monday, February 2nd.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Company Profile

The SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of 400 highly liquid, investment grade, corporate USD-denominated bonds. The index selects constituents using a proprietary methodology that favors bonds with greater liquidity, and weights individual bonds by market value. LQIG was launched on May 11, 2022 and is managed by State Street.