iShares Convertible Bond ETF (ICVT)Convertibles | Exchange Traded Fund | Cboe US
114.25 USD
-1.92
(-1.653%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 119.24 +4.99 (4.368%) ⇧ (Aug. 28, 2026, 7:47 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 4:52 a.m. EDT
The iShares Convertible Bond ETF is currently navigating a classic 'bond rally, equity pause' dynamic. The long-term outlook remains solid, driven by a nine-year cumulative gain of nearly 99% and a consistent track record where the asset has been higher in every single year since inception. However, the recent price action shows weakness, trading below its 50-day moving average, which dampens immediate momentum. The options market confirms this hesitation, with traders aggressively buying deep out-of-the-money puts to hedge against a potential correction, even as the underlying convertible bond strategy continues to bridge the gap between equity upside and income stability. While the dividend yield is modest at roughly 1.4%, it serves as a floor rather than a primary driver. The statistical forecast models a slight uptick over the next month, but the heavy put positioning suggests investors are waiting for clearer confirmation before committing capital to the upside. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.053593 |
| AutoETS | 0.065479 |
| AutoARIMA | 0.065609 |
| MSTL | 0.072281 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 56% |
| H-stat | 8.81 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.618 |
| Excess Kurtosis | -0.70 |
As of Aug. 22, 2026, 4:52 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at the November expiration, creating a significant barrier around the $96 strike while maintaining moderate open interest near the money. This suggests a fear of a sharp downside gap or volatility spike, despite the underlying asset being up significantly year-to-date. Call activity remains sparse and lacks aggressive directional bias.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.12% | 1.51% | 2.03% | 3.19% |
| Date | Dividend | Yield % |
|---|---|---|
| 2026-08-03 | 0.139 | 0.120754 |
| 2026-07-01 | 0.120 | 0.100477 |
| 2026-06-01 | 0.130 | 0.106010 |
| 2026-05-01 | 0.122 | 0.107404 |
| 2026-04-01 | 0.134 | 0.130325 |
| 2026-03-02 | 0.130 | 0.123094 |
| 2026-02-02 | 0.107 | 0.102904 |
| 2025-12-19 | 0.218 | 0.219250 |
| 2025-12-01 | 0.117 | 0.117623 |
| 2025-11-03 | 0.114 | 0.110007 |
| 2025-10-01 | 0.130 | 0.128943 |
| 2025-09-02 | 0.136 | 0.144251 |
| 2025-08-01 | 0.115 | 0.125876 |
| 2025-07-01 | 0.137 | 0.153433 |
| 2025-06-02 | 0.150 | 0.172176 |
| 2025-05-01 | 0.152 | 0.178992 |
| 2025-04-01 | 0.147 | 0.175554 |
| 2025-03-03 | 0.147 | 0.172212 |
| 2025-02-03 | 0.141 | 0.161568 |
| 2024-12-18 | 0.280 | 0.326036 |
| 2024-12-02 | 0.147 | 0.165243 |
| 2024-11-01 | 0.142 | 0.169492 |
| 2024-10-01 | 0.151 | 0.181447 |
| 2024-09-03 | 0.153 | 0.190797 |
| 2024-08-01 | 0.150 | 0.188964 |
| 2024-07-01 | 0.156 | 0.199157 |
| 2024-06-03 | 0.154 | 0.196654 |
| 2024-05-01 | 0.141 | 0.183833 |
| 2024-04-01 | 0.135 | 0.169619 |
| 2024-03-01 | 0.129 | 0.164227 |
| 2024-02-01 | 0.120 | 0.154679 |
| 2023-12-14 | 0.372 | 0.479814 |
| 2023-12-01 | 0.154 | 0.204923 |
| 2023-11-01 | 0.117 | 0.165208 |
| 2023-10-02 | 0.120 | 0.162382 |
| 2023-09-01 | 0.102 | 0.134228 |
| 2023-08-01 | 0.086 | 0.110073 |
| 2023-07-03 | 0.079 | 0.103012 |
| 2023-06-01 | 0.081 | 0.111310 |
| 2023-05-01 | 0.061 | 0.085506 |
| 2023-04-03 | 0.070 | 0.096792 |
| 2023-03-01 | 0.064 | 0.087755 |
| 2023-02-01 | 0.142 | 0.191555 |
| 2022-12-15 | 0.288 | 0.408453 |
| 2022-12-01 | 0.114 | 0.158223 |
| 2022-11-01 | 0.119 | 0.168651 |
| 2022-10-03 | 0.111 | 0.159254 |
| 2022-09-01 | 0.114 | 0.156636 |
| 2022-08-01 | 0.143 | 0.197350 |
| 2022-07-01 | 0.115 | 0.165372 |
| 2022-06-01 | 0.069 | 0.093980 |
| 2022-05-02 | 0.073 | 0.094352 |
| 2022-04-01 | 0.073 | 0.087175 |
| 2022-03-01 | 0.061 | 0.073993 |
| 2022-02-01 | 0.059 | 0.070372 |
| 2021-12-16 | 0.361 | 0.415277 |
| 2021-12-01 | 5.911 | 6.640827 |
| 2021-11-01 | 0.059 | 0.057027 |
| 2021-10-01 | 0.060 | 0.059654 |
| 2021-09-01 | 0.056 | 0.054565 |
| 2021-08-02 | 0.059 | 0.058900 |
| 2021-07-01 | 0.059 | 0.057826 |
| 2021-06-01 | 0.064 | 0.064731 |
| 2021-05-03 | 0.059 | 0.059118 |
| 2021-04-01 | 0.058 | 0.058245 |
| 2021-03-01 | 0.058 | 0.054557 |
| 2021-02-01 | 0.063 | 0.061719 |
| 2020-12-17 | 0.296 | 0.308333 |
| 2020-12-01 | 2.822 | 3.152720 |
| 2020-11-02 | 0.070 | 0.086388 |
| 2020-10-01 | 0.065 | 0.078782 |
| 2020-09-01 | 0.064 | 0.075856 |
| 2020-08-03 | 0.070 | 0.090803 |
| 2020-07-01 | 0.066 | 0.092179 |
| 2020-06-01 | 0.068 | 0.102059 |
| 2020-05-01 | 0.074 | 0.122638 |
| 2020-04-01 | 0.079 | 0.152746 |
| 2020-03-02 | 0.081 | 0.126168 |
| 2020-02-03 | 0.087 | 0.133517 |
| 2019-12-19 | 0.302 | 0.485374 |
| 2019-12-02 | 0.082 | 0.134691 |
| 2019-11-01 | 0.079 | 0.132506 |
| 2019-10-01 | 0.076 | 0.131647 |
| 2019-09-03 | 0.081 | 0.138084 |
| 2019-08-01 | 0.074 | 0.122842 |
| 2019-07-01 | 0.081 | 0.135135 |
| 2019-06-03 | 0.074 | 0.131089 |
| 2019-05-01 | 0.078 | 0.131957 |
| 2019-04-01 | 0.080 | 0.137010 |
| 2019-03-01 | 0.075 | 0.128605 |
| 2019-02-01 | 0.082 | 0.145261 |
| 2018-12-18 | 0.647 | 1.226517 |
| 2018-12-03 | 1.066 | 1.874780 |
| 2018-11-01 | 0.079 | 0.139749 |
| 2018-10-01 | 0.074 | 0.124140 |
| 2018-09-04 | 0.072 | 0.119960 |
| 2018-08-01 | 0.069 | 0.119068 |
| 2018-07-02 | 0.072 | 0.124755 |
| 2018-06-01 | 0.079 | 0.135020 |
| 2018-05-01 | 0.089 | 0.158758 |
| 2018-04-02 | 0.107 | 0.194263 |
| 2018-03-01 | 0.099 | 0.177102 |
| 2018-02-01 | 0.080 | 0.140203 |
| 2017-12-21 | 0.213 | 0.383715 |
| 2017-12-01 | 0.276 | 0.499222 |
| 2017-11-01 | 0.091 | 0.164023 |
| 2017-10-02 | 0.109 | 0.200368 |
| 2017-09-01 | 0.113 | 0.209376 |
| 2017-08-01 | 0.098 | 0.181683 |
| 2017-07-03 | 0.106 | 0.202875 |
| 2017-06-01 | 0.084 | 0.158103 |
| 2017-05-01 | 0.082 | 0.157239 |
| 2017-04-03 | 0.081 | 0.157833 |
| 2017-03-01 | 0.076 | 0.148148 |
| 2017-02-01 | 0.080 | 0.158872 |
| 2016-12-22 | 0.219 | 0.445883 |
| 2016-12-01 | 0.077 | 0.161088 |
| 2016-11-01 | 0.076 | 0.162428 |
| 2016-10-03 | 0.189 | 0.397184 |
| 2016-09-01 | 0.242 | 0.513256 |
| 2016-08-01 | 0.223 | 0.473662 |
| 2016-07-01 | 0.150 | 0.336247 |
| 2016-06-01 | 0.062 | 0.136775 |
| 2016-05-02 | 0.057 | 0.128805 |
| 2016-02-01 | 0.065 | 0.158151 |
| 2015-12-24 | 0.358 | 0.785950 |
| 2015-12-01 | 0.063 | 0.135782 |
| 2015-11-02 | 0.065 | 0.138652 |
| 2015-10-01 | 0.065 | 0.145577 |
| 2015-09-01 | 0.061 | 0.133072 |
| 2015-08-03 | 0.056 | 0.116983 |
| Attribute | Value |
|---|---|
| All Time High | 126.56 |
| All Time Low | 39.94 |
| Ask | 120.68 |
| Ask Size | 600 |
| Average Daily Volume10 Day | 489,780 |
| Average Daily Volume3 Month | 665,353 |
| Average Volume | 665,353 |
| Average Volume10Days | 489,780 |
| Beta3 Year | 1.11 |
| Bid | 109.7 |
| Bid Size | 200 |
| Category | Convertibles |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 115.6499 |
| Day Low | 114.07 |
| Dividend Yield | 1.39 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 116.7506 |
| Fifty Day Average Change | -2.5006027 |
| Fifty Day Average Change Percent | -0.021418327 |
| Fifty Two Week Change Percent | 21.181583 |
| Fifty Two Week High | 126.56 |
| Fifty Two Week High Change | -12.309998 |
| Fifty Two Week High Change Percent | -0.0972661 |
| Fifty Two Week Low | 93.23 |
| Fifty Two Week Low Change | 21.019997 |
| Fifty Two Week Low Change Percent | 0.22546387 |
| Fifty Two Week Range | 93.23 - 126.56 |
| First Trade Date Milliseconds | 1,433,424,600,000 |
| Five Year Average Return | 0.059818503 |
| Full Exchange Name | Cboe US |
| Fullday Change | -1.92 |
| Fullday Change Percent | -1.65275 |
| Fullday Price | 119.24 |
| Fund Family | iShares |
| Fund Inception Date | 1,433,203,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund will invest at least 80% of its assets in the component securities of the underlying index, and it will invest at least 90% of its assets in fixed income securities of the types included in the underlying index that BFA believes will help the fund track the underlying index. The underlying index is a subset of the Bloomberg U.S. Convertibles: Cash Pay Bonds Index, which measures the performance of the U.S. dollar-denominated convertibles market. |
| Long Name | iShares Convertible Bond ETF |
| Market | us_market |
| Market State | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_285620683 |
| Nav Price | 115.78331 |
| Net Assets | 7,190,538,800.0 |
| Net Expense Ratio | 0.2 |
| Open | 115.64 |
| Phone | 415-670-2000 |
| Post Market Change | 4.989998 |
| Post Market Change Percent | 4.367613 |
| Post Market Price | 119.24 |
| Post Market Time | 1,787,960,854 |
| Previous Close | 116.17 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -1.92 |
| Regular Market Change Percent | -1.65275 |
| Regular Market Day High | 115.6499 |
| Regular Market Day Low | 114.07 |
| Regular Market Day Range | 114.07 - 115.6499 |
| Regular Market Open | 115.64 |
| Regular Market Previous Close | 116.17 |
| Regular Market Price | 114.25 |
| Regular Market Time | 1,787,947,200 |
| Regular Market Volume | 146,143 |
| Short Name | iShares Convertible Bond ETF |
| Source Interval | 15 |
| Symbol | ICVT |
| Three Year Average Return | 0.18187259 |
| Total Assets | 7,190,538,752 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 0.92889 |
| Trailing Three Month Returns | 0.92889 |
| Triggerable | 1 |
| Two Hundred Day Average | 109.1515 |
| Two Hundred Day Average Change | 5.098503 |
| Two Hundred Day Average Change Percent | 0.046710335 |
| Type Disp | ETF |
| Volume | 146,143 |
| Yield | 0.0139 |
| Ytd Return | 16.00628 |