Short Interest in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) Declines By 69.4%

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (BATS:LQDW) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 10,679 shares, a drop of 69.4% from the May 31st total of 34,929 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 42,271 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On iShares Investment Grade Corporate Bond BuyWrite Strategy ETF

Several institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC purchased a new position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF in the 1st quarter valued at approximately $410,000. Private Trust Co. NA boosted its position in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF by 107.1% during the fourth quarter. Private Trust Co. NA now owns 11,600 shares of the company’s stock worth $285,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in iShares Investment Grade Corporate Bond BuyWrite Strategy ETF during the third quarter worth $201,000.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Trading Up 0.0%

Shares of BATS LQDW opened at $24.08 on Tuesday. iShares Investment Grade Corporate Bond BuyWrite Strategy ETF has a 52 week low of $23.60 and a 52 week high of $25.60. The firm has a 50-day moving average price of $23.95 and a 200 day moving average price of $24.28.

iShares Investment Grade Corporate Bond BuyWrite Strategy ETF Company Profile

The iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) is an exchange-traded fund that is based on the CBOE LQD BuyWrite index. The fund uses a fund-of-fund approach to passively track an index that measures the performance of holding shares of the iShares iBoxx USD Investment Grade Corporate Bond ETF and writes one-month call options against the shares. LQDW was launched on Aug 18, 2022 and is managed by BlackRock.