iShares Convertible Bond ETF (BATS:ICVT) Shares Shorted: Short Interest Down 88.5% in October

iShares Convertible Bond ETF (BATS:ICVT) was the target of a large decrease in short interest during the month of October. As of October 30th, there was short interest totaling 86,887 shares, a decrease of 88.5% from the October 15th total of 758,469 shares. Based on an average daily volume of 1,084,501 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are short sold.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT opened at $104.31 on Thursday. iShares Convertible Bond ETF has a 12-month low of $94.41 and a 12-month high of $126.56. The business has a 50-day moving average price of $109.82 and a 200 day moving average price of $111.57.

Institutional Investors Weigh In On iShares Convertible Bond ETF

A number of institutional investors have recently made changes to their positions in the stock. Gen Wealth Partners Inc lifted its holdings in shares of iShares Convertible Bond ETF by 65.6% in the 3rd quarter. Gen Wealth Partners Inc now owns 447 shares of the company’s stock worth $51,000 after acquiring an additional 177 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in iShares Convertible Bond ETF during the first quarter worth $58,000. Heritage Family Offices LLP purchased a new position in shares of iShares Convertible Bond ETF during the third quarter worth $91,000. TD Waterhouse Canada Inc. boosted its position in shares of iShares Convertible Bond ETF by 84.4% during the second quarter. TD Waterhouse Canada Inc. now owns 874 shares of the company’s stock worth $107,000 after buying an additional 400 shares during the period. Finally, Provenance Wealth Advisors LLC purchased a new position in shares of iShares Convertible Bond ETF during the third quarter worth $101,000.

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.