iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH – Get Free Report) saw a significant decline in short interest in 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. Currently, 0.3% of the shares of the stock are sold short. Based on an average daily volume of 38,757 shares, the days-to-cover ratio is currently 0.5 days.
Institutional Investors Weigh In On iShares Interest Rate Hedged Corporate Bond ETF
Large investors have recently made changes to their positions in the company. Laurel Wealth Advisors LLC bought a new position in iShares Interest Rate Hedged Corporate Bond ETF during the 3rd quarter valued at about $204,000. Oppenheimer & Co. Inc. acquired a new position in iShares Interest Rate Hedged Corporate Bond ETF in the third quarter valued at about $887,000. Park Avenue Securities LLC bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the third quarter worth about $211,000. Sigma Planning Corp bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the third quarter worth about $321,000. Finally, Capital Square LLC grew its stake in iShares Interest Rate Hedged Corporate Bond ETF by 20.1% during the third quarter. Capital Square LLC now owns 2,739 shares of the company’s stock worth $254,000 after buying an additional 459 shares during the last quarter.
iShares Interest Rate Hedged Corporate Bond ETF Trading Down 0.3%
Shares of LQDH traded down $0.32 during mid-day trading on Friday, reaching $92.03. The company had a trading volume of 327,348 shares, compared to its average volume of 49,001. iShares Interest Rate Hedged Corporate Bond ETF has a twelve month low of $91.15 and a twelve month high of $94.38. The company’s 50-day moving average is $92.56 and its 200-day moving average is $92.78.
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.
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