iShares Convertible Bond ETF (BATS:ICVT) Short Interest Update

iShares Convertible Bond ETF (BATS:ICVT) saw a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 175,102 shares, a decline of 79.3% from the June 30th total of 846,838 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 709,907 shares, the short-interest ratio is presently 0.2 days.

Institutional Investors Weigh In On iShares Convertible Bond ETF

A number of institutional investors have recently added to or reduced their stakes in ICVT. Ocean Park Asset Management LLC purchased a new position in iShares Convertible Bond ETF in the 1st quarter valued at approximately $42,772,000. Tradewinds Capital Management LLC raised its holdings in iShares Convertible Bond ETF by 9,488.8% during the fourth quarter. Tradewinds Capital Management LLC now owns 189,666 shares of the company’s stock worth $18,682,000 after purchasing an additional 187,688 shares during the last quarter. LPL Financial LLC boosted its position in iShares Convertible Bond ETF by 20.2% during the fourth quarter. LPL Financial LLC now owns 1,035,083 shares of the company’s stock worth $101,956,000 after purchasing an additional 174,077 shares in the last quarter. Systelligence LLC boosted its position in iShares Convertible Bond ETF by 168.1% during the fourth quarter. Systelligence LLC now owns 219,777 shares of the company’s stock worth $21,648,000 after purchasing an additional 137,808 shares in the last quarter. Finally, Jane Street Group LLC acquired a new stake in iShares Convertible Bond ETF in the fourth quarter valued at $13,564,000.

iShares Convertible Bond ETF Stock Down 0.2%

Shares of BATS:ICVT traded down $0.24 during midday trading on Monday, hitting $113.51. The stock had a trading volume of 149,776 shares, compared to its average volume of 804,619. The stock has a 50 day moving average price of $118.84 and a two-hundred day moving average price of $110.70. iShares Convertible Bond ETF has a 1 year low of $90.77 and a 1 year 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.