SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG) Short Interest Down 47.1% in January

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIGGet Free Report) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 5,087 shares, a decline of 47.1% from the January 15th total of 9,613 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average trading volume of 3,805 shares, the days-to-cover ratio is presently 1.3 days. Based on an average trading volume of 3,805 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.7% of the company’s stock are sold short.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Trading Up 0.3%

Shares of NYSEARCA LQIG traded up $0.32 during mid-day trading on Thursday, reaching $96.53. 280 shares of the company’s stock were exchanged, compared to its average volume of 8,221. The firm has a 50-day moving average price of $95.99 and a two-hundred day moving average price of $96.33. SPDR MarketAxess Investment Grade 400 Corporate Bond ETF has a 52 week low of $91.09 and a 52 week high of $98.19.

SPDR MarketAxess Investment Grade 400 Corporate Bond ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were given a $0.3389 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Monday, February 2nd.

About SPDR MarketAxess Investment Grade 400 Corporate Bond ETF

(Get Free Report)

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.

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