iShares Convertible Bond ETF (ICVT)Convertibles | Exchange Traded Fund | Cboe US
116.96 USD
+0.58
(0.494%)
⇧
(July 14, 2026, 11:36 a.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 5:24 a.m. EDT
The iShares Convertible Bond ETF presents a compelling case for income-focused investors who can tolerate equity-like volatility, driven by a massive nine-year cumulative gain of nearly 100%. The underlying business quality is evident in the consistent positive annual returns over the last decade, with only a single year of decline, suggesting a resilient strategy that bridges the gap between bond safety and stock upside. However, the recent price action shows signs of exhaustion, trading flat against its 50-day average after a strong run, which dampens immediate momentum. While the 1.31% yield provides a modest cushion, it is not a primary driver of value here; the real story is the capital appreciation potential. The options market is telling a tale of two fears: a deep crash is priced in via heavy OTM puts, while the bulk of speculative capital remains bullish, betting on continued participation in the tech rally that has historically fueled convertible performance. For a medium-term hold, the setup looks constructive, but the lack of explosive short-term momentum warrants a cautious approach. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.035985 |
| MSTL | 0.053548 |
| AutoTheta | 0.065941 |
| AutoETS | 0.067878 |
| MSTL_115 | 0.086590 |
Forecast horizon: 60 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 54% |
| H-stat | 2.44 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.218 |
| Excess Kurtosis | -1.03 |
As of July 11, 2026, 5:24 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put volume at the August and November expirations, creating a significant floor around the $96-$115 range. This suggests a fear of a sharp downside correction despite the asset's recent gains. Conversely, call interest is concentrated in the money, indicating a belief that the current rally has room to run, though the implied volatility gap between deep OTM puts and ATM calls highlights a skewed risk profile favoring downside protection.
| Last Yield | 1yr Yield | 3yr Avg | 5yr Avg |
|---|---|---|---|
| 0.10% | 1.52% | 2.03% | 3.17% |
| Date | Dividend | Yield % |
|---|---|---|
| 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 | 117.05 |
| Ask Size | 100 |
| Average Daily Volume10 Day | 601,800 |
| Average Daily Volume3 Month | 864,800 |
| Average Volume | 864,800 |
| Average Volume10Days | 601,800 |
| Beta3 Year | 1.06 |
| Bid | 116.98 |
| Bid Size | 600 |
| Category | Convertibles |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 117.57 |
| Day Low | 116.59 |
| Dividend Yield | 1.31 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 118.8779 |
| Fifty Day Average Change | -1.9228973 |
| Fifty Day Average Change Percent | -0.016175399 |
| Fifty Two Week Change Percent | 27.14957 |
| Fifty Two Week High | 126.56 |
| Fifty Two Week High Change | -9.604996 |
| Fifty Two Week High Change Percent | -0.07589283 |
| Fifty Two Week Low | 90.772 |
| Fifty Two Week Low Change | 26.182999 |
| Fifty Two Week Low Change Percent | 0.28844795 |
| Fifty Two Week Range | 90.772 - 126.56 |
| First Trade Date Milliseconds | 1,433,424,600,000 |
| Five Year Average Return | 0.0623364 |
| Full Exchange Name | Cboe US |
| 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 | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_285620683 |
| Nav Price | 116.32571 |
| Net Assets | 7,533,008,900.0 |
| Net Expense Ratio | 0.2 |
| Open | 117.38 |
| Phone | 415-670-2000 |
| Previous Close | 116.38 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.5750046 |
| Regular Market Change Percent | 0.4940751 |
| Regular Market Day High | 117.57 |
| Regular Market Day Low | 116.59 |
| Regular Market Day Range | 116.59 - 117.57 |
| Regular Market Open | 117.38 |
| Regular Market Previous Close | 116.38 |
| Regular Market Price | 116.955 |
| Regular Market Time | 1,784,043,414 |
| Regular Market Volume | 91,586 |
| Short Name | iShares Convertible Bond ETF |
| Source Interval | 15 |
| Symbol | ICVT |
| Three Year Average Return | 0.1673902 |
| Total Assets | 7,533,008,896 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 19.71925 |
| Trailing Three Month Returns | 19.71925 |
| Triggerable | 1 |
| Two Hundred Day Average | 106.84608 |
| Two Hundred Day Average Change | 10.108925 |
| Two Hundred Day Average Change Percent | 0.09461203 |
| Type Disp | ETF |
| Volume | 91,586 |
| Yield | 0.013099999 |
| Ytd Return | 24.34394 |