iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Stock Short Interest Rises 319.4%

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 34,988 shares, a growth of 319.4% from the September 15th total of 8,342 shares. Currently, 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 52,401 shares, the days-to-cover ratio is presently 0.7 days.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

Shares of iShares Interest Rate Hedged Corporate Bond ETF stock opened at $92.52 on Tuesday. iShares Interest Rate Hedged Corporate Bond ETF has a one year low of $91.15 and a one year high of $94.38. The firm has a fifty day moving average of $92.57 and a two-hundred day moving average of $92.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Harbour Wealth Management Group Inc. increased its position in iShares Interest Rate Hedged Corporate Bond ETF by 8.8% during the 1st quarter. Harbour Wealth Management Group Inc. now owns 104,447 shares of the company’s stock worth $9,645,000 after purchasing an additional 8,456 shares during the period. Bank of America Corp DE raised its stake 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 worth $27,043,000 after buying an additional 10,336 shares in the last quarter. Destination Wealth Management lifted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 4.1% in the 4th quarter. Destination Wealth Management now owns 892,414 shares of the company’s stock valued at $83,307,000 after buying an additional 34,888 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 20.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 43,768 shares of the company’s stock valued at $4,086,000 after buying an additional 7,341 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF in the 1st quarter valued at approximately $577,000.

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.