Short Interest in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Decreases By 91.5%

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,505 shares, a drop of 91.5% from the May 31st total of 41,103 shares. Based on an average daily volume of 38,360 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the stock are sold short.

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

Hedge funds have recently made changes to their positions in the stock. Spire Wealth Management grew its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 784.4% during the 4th quarter. Spire Wealth Management now owns 283 shares of the company’s stock valued at $26,000 after purchasing an additional 251 shares during the last quarter. NBT Bank N A NY lifted its stake in iShares Interest Rate Hedged Corporate Bond ETF by 340.9% in the 1st quarter. NBT Bank N A NY now owns 410 shares of the company’s stock valued at $38,000 after purchasing an additional 317 shares during the last quarter. Harbor Asset Planning Inc. bought a new position in iShares Interest Rate Hedged Corporate Bond ETF in the 4th quarter valued at approximately $42,000. Signature Equity Partners LLC boosted its position in iShares Interest Rate Hedged Corporate Bond ETF by 58.4% in the first quarter. Signature Equity Partners LLC now owns 491 shares of the company’s stock valued at $45,000 after buying an additional 181 shares in the last quarter. Finally, Western Wealth Management LLC acquired a new stake in iShares Interest Rate Hedged Corporate Bond ETF in the first quarter valued at approximately $95,000.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

Shares of iShares Interest Rate Hedged Corporate Bond ETF stock traded up $0.04 during trading on Thursday, reaching $93.21. 14,597 shares of the company’s stock were exchanged, compared to its average volume of 51,525. iShares Interest Rate Hedged Corporate Bond ETF has a 1-year low of $91.15 and a 1-year high of $94.38. The firm’s 50-day moving average price is $93.11 and its 200 day moving average price is $93.05.

About iShares Interest Rate Hedged Corporate Bond ETF

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.