iShares Convertible Bond ETF (BATS:ICVT) Stock Short Interest Report for October

iShares Convertible Bond ETF (BATS:ICVT) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 758,469 shares, a decrease of 41.5% from the September 30th total of 1,296,279 shares. Based on an average daily trading volume, of 651,398 shares, the days-to-cover ratio is presently 1.2 days. Approximately 2.7% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC raised its stake in shares of iShares Convertible Bond ETF by 30.4% during the 2nd quarter. NewEdge Advisors LLC now owns 85,064 shares of the company’s stock worth $10,356,000 after buying an additional 19,854 shares during the last quarter. Allianz Asset Management GmbH increased its position in shares of iShares Convertible Bond ETF by 168.3% during the second quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock worth $21,463,000 after acquiring an additional 110,600 shares during the last quarter. Fifth Third Bancorp acquired a new position in iShares Convertible Bond ETF in the first quarter worth about $560,000. Cornerstone Planning Group LLC boosted its holdings in shares of iShares Convertible Bond ETF by 5.0% in the 1st quarter. Cornerstone Planning Group LLC now owns 178,460 shares of the company’s stock valued at $18,165,000 after buying an additional 8,480 shares during the period. Finally, Lido Advisors LLC boosted its position in iShares Convertible Bond ETF by 225.4% during the 1st quarter. Lido Advisors LLC now owns 19,358 shares of the company’s stock valued at $1,970,000 after purchasing an additional 13,409 shares during the period.

iShares Convertible Bond ETF Stock Down 2.1%

Shares of iShares Convertible Bond ETF stock opened at $105.17 on Friday. The firm’s 50-day moving average price is $111.70 and its 200 day moving average price is $111.58. iShares Convertible Bond ETF has a twelve month low of $94.41 and a twelve month high of $126.56.

About iShares Convertible Bond ETF

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.