iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Short Interest Up 325.0% in July

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the target of a large growth in short interest in July. As of July 31st, there was short interest totaling 493 shares, a growth of 325.0% from the July 15th total of 116 shares. Based on an average daily volume of 2,260 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the company’s stock are sold short.

iShares BBB Rated Corporate Bond ETF Stock Performance

Shares of LQDB stock traded up $0.17 on Wednesday, reaching $84.79. 394 shares of the stock were exchanged, compared to its average volume of 4,625. The business’s 50 day moving average price is $85.66 and its 200 day moving average price is $86.38. iShares BBB Rated Corporate Bond ETF has a twelve month low of $84.60 and a twelve month high of $88.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC raised its position in shares of iShares BBB Rated Corporate Bond ETF by 4.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock worth $598,000 after acquiring an additional 300 shares in the last quarter. Bank of America Corp DE raised its holdings in iShares BBB Rated Corporate Bond ETF by 29.5% during the third quarter. Bank of America Corp DE now owns 45,370 shares of the company’s stock worth $3,991,000 after purchasing an additional 10,326 shares in the last quarter. Citadel Advisors LLC raised its holdings in iShares BBB Rated Corporate Bond ETF by 8.2% during the third quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock worth $1,977,000 after purchasing an additional 1,706 shares in the last quarter. Harbour Investments Inc. lifted its position in shares of iShares BBB Rated Corporate Bond ETF by 146.0% during the 4th quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock worth $86,000 after buying an additional 584 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of iShares BBB Rated Corporate Bond ETF during the 4th quarter worth approximately $1,790,000.

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.