iShares Convertible Bond ETF (BATS:ICVT) Short Interest Down 79.3% in July

iShares Convertible Bond ETF (BATS:ICVT) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 175,102 shares, a decrease of 79.3% from the June 30th total of 846,838 shares. Currently, 0.6% of the company’s shares are short sold. Based on an average daily volume of 709,907 shares, the short-interest ratio is currently 0.2 days.

iShares Convertible Bond ETF Stock Down 1.9%

ICVT stock opened at $113.75 on Friday. iShares Convertible Bond ETF has a 12 month low of $90.77 and a 12 month high of $126.56. The firm’s 50-day moving average is $118.84 and its 200 day moving average is $110.63.

Hedge Funds Weigh In On iShares Convertible Bond ETF

A number of institutional investors have recently modified their holdings of ICVT. Strategic Advocates LLC raised its stake in shares of iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock valued at $37,000 after acquiring an additional 181 shares in the last quarter. Sunbelt Securities Inc. grew its stake in iShares Convertible Bond ETF by 36.5% in the third quarter. Sunbelt Securities Inc. now owns 389 shares of the company’s stock worth $39,000 after purchasing an additional 104 shares in the last quarter. Ashton Thomas Securities LLC bought a new position in iShares Convertible Bond ETF in the first quarter worth approximately $58,000. CIBC Private Wealth Group LLC increased its holdings in iShares Convertible Bond ETF by 160.7% during the 4th quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after purchasing an additional 376 shares during the period. Finally, NBT Bank N A NY raised its position in iShares Convertible Bond ETF by 527.3% during the 1st quarter. NBT Bank N A NY now owns 621 shares of the company’s stock valued at $63,000 after purchasing an additional 522 shares in the last quarter.

iShares Convertible Bond ETF Company Profile

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.