Short Interest in iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Increases By 20.7%

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totaling 84,024,547 shares, a growth of 20.7% from the March 15th total of 69,642,557 shares. Currently, 29.7% of the shares of the company are short sold. Based on an average daily trading volume, of 53,456,731 shares, the days-to-cover ratio is presently 1.6 days.

iShares iBoxx $ Investment Grade Corporate Bond ETF Trading Up 0.6%

Shares of NYSEARCA LQD opened at $110.04 on Friday. The firm has a 50 day moving average of $109.92 and a 200 day moving average of $110.62. The firm has a market capitalization of $32.77 billion, a price-to-earnings ratio of 32.25 and a beta of 0.47. iShares iBoxx $ Investment Grade Corporate Bond ETF has a 12-month low of $105.39 and a 12-month high of $112.93.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Large investors have recently added to or reduced their stakes in the business. First Horizon Corp bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the third quarter valued at approximately $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $32,000. Jessup Wealth Management Inc bought a new stake in iShares iBoxx $ Investment Grade Corporate Bond ETF during the fourth quarter valued at approximately $33,000. Trust Co. of Vermont grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 255.7% during the third quarter. Trust Co. of Vermont now owns 313 shares of the exchange traded fund’s stock valued at $35,000 after buying an additional 225 shares during the period. Finally, Comprehensive Financial Planning Inc. PA grew its position in iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% during the fourth quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock valued at $37,000 after buying an additional 214 shares during the period. 89.30% of the stock is currently owned by institutional investors.

About iShares iBoxx $ Investment Grade Corporate Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF (the Fund), formerly iShares iBoxx $ Investment Grade Corporate Bond Fund, is an exchange-traded fund (ETF). The Fund seeks to track the investment results of the Markit iBoxx USD Liquid Investment Grade Index (the Index), which is a rules-based index consisting of liquid, the United States dollar-denominated, investment-grade corporate bonds for sale in the United States. The Index may include large-, mid- or small-capitalization companies, and components primarily include consumer services, financial, and oil and gas companies.