iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) Stock Short Interest Rises 53.1%

iShares iBoxx $ Investment Grade Corporate Bond ETF (NYSEARCA:LQD) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 74,685,302 shares, a growth of 53.1% from the August 31st total of 48,788,139 shares. Approximately 27.9% of the company’s stock are short sold. Based on an average daily trading volume, of 27,660,041 shares, the days-to-cover ratio is currently 2.7 days.

Institutional Trading of iShares iBoxx $ Investment Grade Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. 10Elms LLP lifted its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 1.9% in the 4th quarter. 10Elms LLP now owns 6,306 shares of the exchange traded fund’s stock worth $695,000 after acquiring an additional 120 shares during the last quarter. Comprehensive Financial Planning Inc. PA boosted its stake in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 175.4% in the 4th quarter. Comprehensive Financial Planning Inc. PA now owns 336 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 214 shares in the last quarter. Bogart Wealth LLC grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 19.9% during the 1st quarter. Bogart Wealth LLC now owns 1,387 shares of the exchange traded fund’s stock valued at $151,000 after purchasing an additional 230 shares during the last quarter. Stronghold Wealth Management L.L.C. grew its holdings in shares of iShares iBoxx $ Investment Grade Corporate Bond ETF by 2.8% during the 1st quarter. Stronghold Wealth Management L.L.C. now owns 9,466 shares of the exchange traded fund’s stock valued at $1,032,000 after purchasing an additional 258 shares during the last quarter. Finally, Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in iShares iBoxx $ Investment Grade Corporate Bond ETF in the 4th quarter worth $32,000. 89.30% of the stock is owned by institutional investors.

iShares iBoxx $ Investment Grade Corporate Bond ETF Price Performance

NYSEARCA:LQD opened at $102.03 on Friday. iShares iBoxx $ Investment Grade Corporate Bond ETF has a one year low of $101.19 and a one year high of $112.93. The company has a market cap of $26.94 billion, a PE ratio of 32.25 and a beta of 0.44. The firm has a 50-day moving average of $105.40 and a 200-day moving average of $107.51.

iShares iBoxx $ Investment Grade Corporate Bond ETF Company Profile

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.