SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG) Sees Large Increase in Short Interest

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totaling 3,853 shares, an increase of 74.0% from the December 15th total of 2,214 shares. Approximately 1.9% of the company’s stock are short sold. Based on an average trading volume of 1,011 shares, the days-to-cover ratio is currently 3.8 days. Based on an average trading volume of 1,011 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.9% of the company’s stock are short sold.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Price Performance

NYSEARCA LQIG traded down $0.08 on Thursday, hitting $96.32. The stock had a trading volume of 17,842 shares, compared to its average volume of 18,194. The business’s fifty day moving average price is $96.15 and its 200 day moving average price is $96.15. SPDR MarketAxess Investment Grade 400 Corporate Bond ETF has a 52-week low of $91.09 and a 52-week high of $98.19.

About SPDR MarketAxess Investment Grade 400 Corporate Bond ETF

The SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (LQIG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index of 400 highly liquid, investment grade, corporate USD-denominated bonds. The index selects constituents using a proprietary methodology that favors bonds with greater liquidity, and weights individual bonds by market value. LQIG was launched on May 11, 2022 and is managed by State Street.