iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) Short Interest Down 74.0% in August

iShares BBB Rated Corporate Bond ETF (NYSEARCA:LQDB) saw a significant drop in short interest in August. As of August 14th, there was short interest totaling 128 shares, a drop of 74.0% from the July 30th total of 493 shares. Based on an average daily volume of 870 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On iShares BBB Rated Corporate Bond ETF

Large investors have recently bought and sold shares of the stock. Harbour Investments Inc. grew its holdings in shares of iShares BBB Rated Corporate Bond ETF by 146.0% during the fourth quarter. Harbour Investments Inc. now owns 984 shares of the company’s stock worth $86,000 after purchasing an additional 584 shares during the last quarter. Royal Bank of Canada purchased a new stake in shares of iShares BBB Rated Corporate Bond ETF in the 1st quarter valued at about $334,000. Integrated Wealth Concepts LLC boosted its position in shares of iShares BBB Rated Corporate Bond ETF by 4.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 6,950 shares of the company’s stock valued at $598,000 after purchasing an additional 300 shares during the period. Goldman Sachs Group Inc. acquired a new stake in shares of iShares BBB Rated Corporate Bond ETF in the 4th quarter valued at about $1,790,000. Finally, Citadel Advisors LLC grew its stake in iShares BBB Rated Corporate Bond ETF by 8.2% during the 3rd quarter. Citadel Advisors LLC now owns 22,480 shares of the company’s stock worth $1,977,000 after buying an additional 1,706 shares during the last quarter.

iShares BBB Rated Corporate Bond ETF Stock Down 0.0%

Shares of NYSEARCA:LQDB traded down $0.03 during trading on Thursday, hitting $85.12. 201 shares of the company were exchanged, compared to its average volume of 4,411. The firm’s 50 day moving average price is $85.36 and its 200-day moving average price is $86.18. iShares BBB Rated Corporate Bond ETF has a 12-month low of $84.46 and a 12-month high of $88.86.

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.