SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG – Get 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
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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