iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Stock Short Interest Declines 49.6%

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 17,637 shares, a decline of 49.6% from the September 30th total of 34,988 shares. Based on an average daily volume of 38,757 shares, the short-interest ratio is currently 0.5 days. Approximately 0.3% of the shares of the company are sold short.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 3.7% during the 1st quarter. Bank of America Corp DE now owns 292,864 shares of the company’s stock valued at $27,043,000 after purchasing an additional 10,336 shares during the period. Oppenheimer & Co. Inc. bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the third quarter valued at about $887,000. Independent Financial Group LLC bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the first quarter valued at about $577,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the third quarter valued at about $499,000. Finally, Sigma Planning Corp purchased a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the third quarter valued at about $321,000.

iShares Interest Rate Hedged Corporate Bond ETF Stock Up 0.2%

Shares of NYSEARCA LQDH traded up $0.17 during trading on Monday, hitting $92.20. The company had a trading volume of 26,327 shares, compared to its average volume of 48,820. The stock has a 50 day simple moving average of $92.56 and a 200 day simple moving average of $92.78. iShares Interest Rate Hedged Corporate Bond ETF has a 12 month low of $91.15 and a 12 month 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.