Short Interest in iShares Convertible Bond ETF (BATS:ICVT) Expands By 154.2%

iShares Convertible Bond ETF (BATS:ICVT) was the recipient of a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 329,902 shares, an increase of 154.2% from the May 31st total of 129,774 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 988,711 shares, the short-interest ratio is currently 0.3 days.

iShares Convertible Bond ETF Stock Performance

ICVT opened at $118.81 on Monday. iShares Convertible Bond ETF has a 1-year low of $89.22 and a 1-year high of $126.56. The business has a 50 day moving average price of $117.82 and a two-hundred day moving average price of $108.23.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Town Capital LLC acquired a new stake in iShares Convertible Bond ETF in the 1st quarter valued at about $377,000. Parallel Advisors LLC raised its holdings in shares of iShares Convertible Bond ETF by 28.8% in the 1st quarter. Parallel Advisors LLC now owns 2,305 shares of the company’s stock worth $235,000 after purchasing an additional 515 shares in the last quarter. Security Financial Services INC. lifted its stake in iShares Convertible Bond ETF by 2.3% during the first quarter. Security Financial Services INC. now owns 5,470 shares of the company’s stock valued at $557,000 after purchasing an additional 123 shares during the last quarter. Mascagni Wealth Management Inc. boosted its holdings in iShares Convertible Bond ETF by 9.3% during the first quarter. Mascagni Wealth Management Inc. now owns 81,241 shares of the company’s stock worth $8,270,000 after buying an additional 6,891 shares in the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in iShares Convertible Bond ETF during the first quarter worth approximately $58,000.

iShares Convertible Bond ETF Company Profile

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.