iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Large Decrease in Short Interest

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 8,342 shares, a decrease of 52.9% from the August 31st total of 17,724 shares. Based on an average trading volume of 41,724 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. NBT Bank N A NY grew its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 340.9% during the first quarter. NBT Bank N A NY now owns 410 shares of the company’s stock worth $38,000 after purchasing an additional 317 shares during the period. Signature Equity Partners LLC increased its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 58.4% in the 1st quarter. Signature Equity Partners LLC now owns 491 shares of the company’s stock valued at $45,000 after acquiring an additional 181 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF in the 2nd quarter valued at approximately $79,000. Western Wealth Management LLC acquired a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF in the 1st quarter valued at approximately $95,000. Finally, Bogart Wealth LLC acquired a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF in the 1st quarter valued at approximately $139,000.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

Shares of LQDH remained flat at $92.67 on Wednesday. 96,408 shares of the company were exchanged, compared to its average volume of 48,834. The stock’s 50 day simple moving average is $92.56 and its 200 day simple moving average is $92.70. iShares Interest Rate Hedged Corporate Bond ETF has a twelve month low of $91.15 and a twelve month high of $94.38.

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.