Short Interest in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Declines By 13.1%

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDBGet Free Report) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 3,323 shares, a decrease of 13.1% from the December 31st total of 3,826 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,407 shares, the days-to-cover ratio is currently 2.4 days. Based on an average daily trading volume, of 1,407 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.6% of the shares of the stock are short sold.

iShares BBB Rated Corporate Bond ETF Price Performance

NYSEARCA:LQDB traded down $0.12 during mid-day trading on Wednesday, reaching $87.03. 2,095 shares of the stock were exchanged, compared to its average volume of 3,226. The business has a fifty day moving average price of $87.39 and a 200 day moving average price of $87.44. iShares BBB Rated Corporate Bond ETF has a 1-year low of $82.73 and a 1-year high of $88.86.

Institutional Trading of iShares BBB Rated Corporate Bond ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in LQDB. Integrated Wealth Concepts LLC boosted its holdings in iShares BBB Rated Corporate Bond ETF by 4.5% during the first quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock worth $598,000 after buying an additional 300 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of iShares BBB Rated Corporate Bond ETF by 8.2% during the 3rd quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock valued at $1,977,000 after acquiring an additional 1,706 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of iShares BBB Rated Corporate Bond ETF by 29.5% during the 3rd quarter. Bank of America Corp DE now owns 45,370 shares of the company’s stock valued at $3,991,000 after acquiring an additional 10,326 shares during the last quarter.

About iShares BBB Rated Corporate Bond ETF

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The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB rated USD denominated corporate bonds with at least one year to maturity. LQDB was launched on May 18, 2021 and is managed by BlackRock.

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