SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG) Short Interest Down 79.7% in February

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIGGet Free Report) was the recipient of a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 1,032 shares, a drop of 79.7% from the January 29th total of 5,087 shares. Based on an average daily volume of 1,197 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are sold short. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,197 shares, the short-interest ratio is presently 0.9 days.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Trading Up 0.1%

LQIG traded up $0.10 on Thursday, hitting $97.04. 593 shares of the company were exchanged, compared to its average volume of 6,408. SPDR MarketAxess Investment Grade 400 Corporate Bond ETF has a fifty-two week low of $91.09 and a fifty-two week high of $98.19. The business’s fifty day moving average is $96.16 and its 200 day moving average is $96.44.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were paid a $0.3389 dividend. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend was Monday, February 2nd.

About SPDR MarketAxess Investment Grade 400 Corporate Bond ETF

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The SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of 400 highly liquid, investment grade, corporate USD-denominated bonds. The index selects constituents using a proprietary methodology that favors bonds with greater liquidity, and weights individual bonds by market value. LQIG was launched on May 11, 2022 and is managed by State Street.

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