iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Sees Significant Drop in Short Interest

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 159 shares, a drop of 42.2% from the September 30th total of 275 shares. Based on an average daily trading volume, of 1,705 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in iShares BBB Rated Corporate Bond ETF stock. Royal Bank of Canada purchased a new position in iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,863 shares of the company’s stock, valued at approximately $334,000. Royal Bank of Canada owned about 0.64% of iShares BBB Rated Corporate Bond ETF at the end of the most recent quarter.

iShares BBB Rated Corporate Bond ETF Stock Performance

Shares of iShares BBB Rated Corporate Bond ETF stock traded down $0.14 during trading hours on Tuesday, reaching $82.86. The company’s stock had a trading volume of 1,116 shares, compared to its average volume of 4,189. The firm has a 50 day moving average price of $83.36 and a 200-day moving average price of $85.58. iShares BBB Rated Corporate Bond ETF has a one year low of $81.76 and a one year high of $88.40.

iShares BBB Rated Corporate Bond ETF Company Profile

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.