iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Short Interest Up 98.4% in August

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 254 shares, a growth of 98.4% from the August 15th total of 128 shares. Based on an average daily volume of 4,153 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

iShares BBB Rated Corporate Bond ETF Price Performance

Shares of iShares BBB Rated Corporate Bond ETF stock traded down $0.01 during trading hours on Tuesday, reaching $83.55. 2,847 shares of the company’s stock were exchanged, compared to its average volume of 4,562. iShares BBB Rated Corporate Bond ETF has a 1 year low of $83.49 and a 1 year high of $88.86. The business has a fifty day moving average of $84.81 and a two-hundred day moving average of $85.84.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

A number of hedge funds have recently made changes to their positions in LQDB. Insight Wealth Partners LLC raised its stake in shares of iShares BBB Rated Corporate Bond ETF by 12.2% in the second quarter. Insight Wealth Partners LLC now owns 30,240 shares of the company’s stock valued at $2,615,000 after acquiring an additional 3,299 shares in the last quarter. Royal Bank of Canada acquired a new stake in iShares BBB Rated Corporate Bond ETF in the first quarter valued at approximately $334,000. Finally, Harbour Investments Inc. raised its holdings in iShares BBB Rated Corporate Bond ETF by 146.0% in the fourth quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock valued at $86,000 after acquiring an additional 584 shares in the last quarter.

About iShares BBB Rated Corporate Bond ETF

The iShares BBB Rated Corporate Bond ETF (LQDB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of BBB rated USD denominated corporate bonds with at least one year to maturity. LQDB was launched on May 18, 2021 and is managed by BlackRock.