SPDR MarketAxess Investment Grade 400 Corporate Bond ETF (NYSEARCA:LQIG – Get 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
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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