iShares Convertible Bond ETF (BATS:ICVT) Shares Shorted: Short Interest Down 88.5% in October

iShares Convertible Bond ETF (BATS:ICVT) was the recipient of a large drop in short interest in October. As of October 30th, there was short interest totaling 86,887 shares, a drop of 88.5% from the October 15th total of 758,469 shares. Based on an average daily volume of 1,084,501 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

iShares Convertible Bond ETF Stock Down 0.9%

Shares of ICVT stock opened at $102.61 on Wednesday. The stock has a fifty day moving average price of $109.98 and a 200 day moving average price of $111.57. iShares Convertible Bond ETF has a 1 year low of $94.41 and a 1 year high of $126.56.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Gen Wealth Partners Inc boosted its position in shares of iShares Convertible Bond ETF by 65.6% in the 3rd quarter. Gen Wealth Partners Inc now owns 447 shares of the company’s stock worth $51,000 after buying an additional 177 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in iShares Convertible Bond ETF during the 1st quarter valued at about $58,000. Heritage Family Offices LLP purchased a new position in iShares Convertible Bond ETF during the 3rd quarter valued at about $91,000. Provenance Wealth Advisors LLC purchased a new position in iShares Convertible Bond ETF during the 3rd quarter valued at about $101,000. Finally, TD Waterhouse Canada Inc. raised its position in iShares Convertible Bond ETF by 84.4% during the second quarter. TD Waterhouse Canada Inc. now owns 874 shares of the company’s stock worth $107,000 after acquiring an additional 400 shares during the last quarter.

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.