iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Short Interest Update

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 2,200 shares, a growth of 175.0% from the August 31st total of 800 shares. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 1,100 shares, the days-to-cover ratio is presently 2.0 days.

iShares BBB Rated Corporate Bond ETF Trading Down 0.1%

LQDB opened at $87.92 on Friday. The stock has a 50-day moving average price of $87.31 and a 200-day moving average price of $86.05. iShares BBB Rated Corporate Bond ETF has a 12-month low of $82.73 and a 12-month high of $88.47.

Institutional Investors Weigh In On iShares BBB Rated Corporate Bond ETF

A hedge fund recently raised its stake in iShares BBB Rated Corporate Bond ETF stock. Bank of New York Mellon Corp increased its stake in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) by 9.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,365 shares of the company’s stock after acquiring an additional 2,361 shares during the period. Bank of New York Mellon Corp owned about 5.67% of iShares BBB Rated Corporate Bond ETF worth $2,440,000 as of its most recent SEC filing.

About iShares BBB Rated Corporate Bond ETF

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.