iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Sees Large Growth in Short Interest

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) saw a large increase in short interest in July. As of July 31st, there was short interest totaling 493 shares, an increase of 325.0% from the July 15th total of 116 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 2,260 shares, the short-interest ratio is currently 0.2 days.

iShares BBB Rated Corporate Bond ETF Stock Down 0.3%

NYSEARCA:LQDB traded down $0.28 during mid-day trading on Friday, reaching $84.70. The company’s stock had a trading volume of 296 shares, compared to its average volume of 4,568. The company’s fifty day simple moving average is $85.60 and its two-hundred day simple moving average is $86.34. iShares BBB Rated Corporate Bond ETF has a twelve month low of $84.60 and a twelve month high of $88.86.

Institutional Investors Weigh In On iShares BBB Rated Corporate Bond ETF

Several large investors have recently made changes to their positions in the business. Royal Bank of Canada purchased a new stake in shares of iShares BBB Rated Corporate Bond ETF during the first quarter valued at approximately $334,000. Integrated Wealth Concepts LLC grew its holdings in iShares BBB Rated Corporate Bond ETF by 1.7% during the 4th quarter. Integrated Wealth Concepts LLC now owns 7,525 shares of the company’s stock valued at $656,000 after purchasing an additional 125 shares in the last quarter. Jane Street Group LLC increased its stake in iShares BBB Rated Corporate Bond ETF by 41.9% during the 4th quarter. Jane Street Group LLC now owns 28,557 shares of the company’s stock worth $2,488,000 after buying an additional 8,433 shares during the period. Goldman Sachs Group Inc. acquired a new position in iShares BBB Rated Corporate Bond ETF in the 4th quarter worth $1,790,000. Finally, Harbour Investments Inc. lifted its holdings in iShares BBB Rated Corporate Bond ETF by 146.0% in the 4th quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock worth $86,000 after buying an additional 584 shares in the last quarter.

iShares BBB Rated Corporate Bond ETF Company Profile

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.