iShares Convertible Bond ETF (BATS:ICVT) Short Interest Up 156.7% in June

iShares Convertible Bond ETF (BATS:ICVT) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totaling 846,838 shares, an increase of 156.7% from the June 15th total of 329,902 shares. Approximately 3.0% of the company’s stock are sold short. Based on an average trading volume of 700,512 shares, the days-to-cover ratio is currently 1.2 days.

iShares Convertible Bond ETF Stock Performance

BATS ICVT opened at $116.57 on Wednesday. iShares Convertible Bond ETF has a fifty-two week low of $90.77 and a fifty-two week high of $126.56. The stock’s 50-day moving average is $119.27 and its two-hundred day moving average is $109.82.

Institutional Trading of iShares Convertible Bond ETF

Several hedge funds have recently added to or reduced their stakes in the business. Focus Partners Wealth acquired a new stake in iShares Convertible Bond ETF during the first quarter worth $663,000. Creative Planning acquired a new position in shares of iShares Convertible Bond ETF in the 2nd quarter valued at $350,000. Qube Research & Technologies Ltd lifted its holdings in shares of iShares Convertible Bond ETF by 144.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 3,331 shares of the company’s stock worth $300,000 after acquiring an additional 1,969 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of iShares Convertible Bond ETF by 137.1% during the 2nd quarter. BNP Paribas Financial Markets now owns 54,066 shares of the company’s stock worth $4,871,000 after acquiring an additional 31,263 shares during the period. Finally, MML Investors Services LLC lifted its holdings in shares of iShares Convertible Bond ETF by 7.5% during the 2nd quarter. MML Investors Services LLC now owns 143,831 shares of the company’s stock worth $12,959,000 after acquiring an additional 9,991 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.