iShares Convertible Bond ETF (BATS:ICVT) Stock Short Interest Jumps 126.7%

iShares Convertible Bond ETF (BATS:ICVT) was the target of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 892,275 shares, an increase of 126.7% from the August 31st total of 393,605 shares. Approximately 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 630,469 shares, the short-interest ratio is presently 1.4 days.

Institutional Trading of iShares Convertible Bond ETF

Several large investors have recently added to or reduced their stakes in the business. Ocean Park Asset Management LLC purchased a new position in shares of iShares Convertible Bond ETF during the first quarter valued at about $42,772,000. Allianz Asset Management GmbH lifted its position in shares of iShares Convertible Bond ETF by 168.3% in the second quarter. Allianz Asset Management GmbH now owns 176,300 shares of the company’s stock worth $21,463,000 after buying an additional 110,600 shares in the last quarter. Dynasty Wealth Management LLC boosted its stake in iShares Convertible Bond ETF by 412.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 126,688 shares of the company’s stock valued at $12,479,000 after buying an additional 101,954 shares during the last quarter. Mcmorgan & Co. LLC bought a new position in iShares Convertible Bond ETF during the first quarter valued at approximately $8,059,000. Finally, Hershey Financial Advisers LLC purchased a new position in iShares Convertible Bond ETF during the 1st quarter valued at approximately $6,421,000.

iShares Convertible Bond ETF Price Performance

ICVT stock opened at $112.94 on Tuesday. iShares Convertible Bond ETF has a fifty-two week low of $94.41 and a fifty-two week high of $126.56. The business’s 50-day moving average is $114.80 and its two-hundred day moving average is $114.22.

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.