iShares Convertible Bond ETF (BATS:ICVT) Short Interest Down 80.3% in May

iShares Convertible Bond ETF (BATS:ICVT) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 129,774 shares, a decline of 80.3% from the May 14th total of 657,266 shares. Based on an average daily volume of 798,421 shares, the short-interest ratio is presently 0.2 days. Currently, 0.5% of the shares of the stock are sold short.

iShares Convertible Bond ETF Price Performance

Shares of BATS:ICVT opened at $117.37 on Wednesday. iShares Convertible Bond ETF has a 12 month low of $87.43 and a 12 month high of $124.22. The stock’s 50 day moving average price is $113.70 and its 200 day moving average price is $106.18.

Institutional Investors Weigh In On iShares Convertible Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Strategic Advocates LLC raised its holdings in iShares Convertible Bond ETF by 94.8% during the fourth quarter. Strategic Advocates LLC now owns 372 shares of the company’s stock worth $37,000 after purchasing an additional 181 shares in the last quarter. Sunbelt Securities Inc. raised its position 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 acquiring an additional 104 shares in the last quarter. Huntington National Bank raised its position in iShares Convertible Bond ETF by 54,600.0% in the third quarter. Huntington National Bank now owns 547 shares of the company’s stock worth $55,000 after acquiring an additional 546 shares in the last quarter. Ashton Thomas Securities LLC bought a new stake in iShares Convertible Bond ETF in the first quarter worth about $58,000. Finally, CIBC Private Wealth Group LLC raised its position in iShares Convertible Bond ETF by 160.7% in the fourth quarter. CIBC Private Wealth Group LLC now owns 610 shares of the company’s stock worth $60,000 after acquiring an additional 376 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.