SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG) Sees Significant Increase in Short Interest

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 1,361 shares, a growth of 19.6% from the February 26th total of 1,138 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 1,626 shares, the days-to-cover ratio is currently 0.8 days.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Price Performance

Shares of NYSEARCA LQIG opened at $94.35 on Thursday. The stock’s 50-day moving average is $95.72 and its 200 day moving average is $96.27. SPDR MarketAxess Investment Grade 400 Corporate Bond ETF has a 1-year low of $91.09 and a 1-year high of $98.19.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Company Profile

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.