iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Significant Increase in Short Interest

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the target of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 3,990 shares, a growth of 46.7% from the February 26th total of 2,719 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 50,868 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Investors Weigh In On iShares Interest Rate Hedged Corporate Bond ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 6.2% during the 1st quarter. Royal Bank of Canada now owns 23,312 shares of the company’s stock valued at $2,151,000 after buying an additional 1,367 shares in the last quarter. Jane Street Group LLC boosted its stake in iShares Interest Rate Hedged Corporate Bond ETF by 46.0% in the first quarter. Jane Street Group LLC now owns 32,600 shares of the company’s stock worth $3,008,000 after buying an additional 10,273 shares in the last quarter. PNC Financial Services Group Inc. grew its position in iShares Interest Rate Hedged Corporate Bond ETF by 38.9% during the second quarter. PNC Financial Services Group Inc. now owns 1,364 shares of the company’s stock valued at $126,000 after acquiring an additional 382 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 84.3% during the second quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock worth $1,794,000 after acquiring an additional 8,880 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 724.2% during the second quarter. JPMorgan Chase & Co. now owns 54,886 shares of the company’s stock worth $5,071,000 after acquiring an additional 48,227 shares in the last quarter.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

Shares of NYSEARCA:LQDH traded down $0.29 on Friday, hitting $91.67. The company’s stock had a trading volume of 21,122 shares, compared to its average volume of 70,043. The company has a 50-day simple moving average of $92.88 and a 200 day simple moving average of $93.15. iShares Interest Rate Hedged Corporate Bond ETF has a 1 year low of $88.08 and a 1 year high of $94.38.

iShares Interest Rate Hedged Corporate Bond ETF Company Profile

The iShares Interest Rate Hedged Corporate Bond ETF (LQDH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets USD-denominated investment corporate bonds, while mitigating duration risk. LQDH was launched on May 27, 2014 and is managed by BlackRock.