iShares Convertible Bond ETF (BATS:ICVT) Short Interest Update

iShares Convertible Bond ETF (BATS:ICVT) was the target of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 846,838 shares, a growth of 156.7% from the June 15th total of 329,902 shares. Approximately 3.0% of the shares of the company are sold short. Based on an average daily volume of 700,512 shares, the short-interest ratio is currently 1.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in ICVT. Sunbelt Securities Inc. boosted its stake in shares of iShares Convertible Bond ETF by 36.5% during the 3rd quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after acquiring an additional 104 shares during the last quarter. Quartz Partners LLC increased its stake in shares of iShares Convertible Bond ETF by 0.6% in the 1st quarter. Quartz Partners LLC now owns 20,502 shares of the company’s stock worth $2,087,000 after purchasing an additional 120 shares in the last quarter. Security Financial Services INC. raised its holdings in iShares Convertible Bond ETF by 2.3% in the 1st quarter. Security Financial Services INC. now owns 5,470 shares of the company’s stock worth $557,000 after purchasing an additional 123 shares during the period. Csenge Advisory Group raised its holdings in iShares Convertible Bond ETF by 4.5% in the 4th quarter. Csenge Advisory Group now owns 3,071 shares of the company’s stock worth $302,000 after purchasing an additional 131 shares during the period. Finally, Sowell Financial Services LLC lifted its position in iShares Convertible Bond ETF by 5.1% during the fourth quarter. Sowell Financial Services LLC now owns 2,969 shares of the company’s stock valued at $292,000 after purchasing an additional 143 shares in the last quarter.

iShares Convertible Bond ETF Stock Performance

iShares Convertible Bond ETF stock opened at $116.38 on Tuesday. iShares Convertible Bond ETF has a 52-week low of $90.77 and a 52-week high of $126.56. The business has a 50-day simple moving average of $119.26 and a two-hundred day simple moving average of $109.70.

About iShares Convertible Bond ETF

The iShares Convertible Bond ETF (ICVT) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index of USD-denominated convertible bonds weighted by market value. The index contains only cash-pay convertibles and excludes mandatory and preferred convertibles. ICVT was launched on Jun 2, 2015 and is managed by BlackRock.