iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Short Interest Update

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 9,948 shares, a growth of 41.6% from the February 26th total of 7,027 shares. Based on an average trading volume of 9,029 shares, the short-interest ratio is currently 1.1 days. Currently, 1.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Harbour Investments Inc. lifted its position in iShares BBB Rated Corporate Bond ETF by 146.0% during the fourth quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock valued at $86,000 after purchasing an additional 584 shares during the period. Integrated Wealth Concepts LLC increased its holdings in iShares BBB Rated Corporate Bond ETF by 4.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock worth $598,000 after acquiring an additional 300 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in iShares BBB Rated Corporate Bond ETF in the 4th quarter worth $1,790,000. Citadel Advisors LLC raised its position in iShares BBB Rated Corporate Bond ETF by 8.2% during the third quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock worth $1,977,000 after acquiring an additional 1,706 shares during the period. Finally, Jane Street Group LLC lifted its holdings in iShares BBB Rated Corporate Bond ETF by 41.9% during the fourth quarter. Jane Street Group LLC now owns 28,557 shares of the company’s stock valued at $2,488,000 after purchasing an additional 8,433 shares in the last quarter.

iShares BBB Rated Corporate Bond ETF Stock Performance

Shares of LQDB traded up $0.35 during mid-day trading on Monday, hitting $85.84. 1,857 shares of the company traded hands, compared to its average volume of 4,888. The business has a 50 day moving average of $87.18 and a 200 day moving average of $87.51. iShares BBB Rated Corporate Bond ETF has a 1-year low of $82.73 and a 1-year high of $88.86.

About iShares BBB Rated Corporate Bond ETF

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.