Short Interest in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Grows By 84.4%

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 4,721 shares, an increase of 84.4% from the April 30th total of 2,560 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 24,592 shares, the short-interest ratio is currently 0.2 days.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LQDH. Spire Wealth Management lifted its position in iShares Interest Rate Hedged Corporate Bond ETF by 784.4% during the fourth 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 period. NBT Bank N A NY lifted its position in 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 valued at $38,000 after purchasing an additional 317 shares during the period. Harbor Asset Planning Inc. bought a new position in iShares Interest Rate Hedged Corporate Bond ETF during the fourth quarter valued at approximately $42,000. Signature Equity Partners LLC lifted its position in iShares Interest Rate Hedged Corporate Bond ETF by 58.4% during the first quarter. Signature Equity Partners LLC now owns 491 shares of the company’s stock valued at $45,000 after purchasing an additional 181 shares during the period. Finally, Western Wealth Management LLC bought a new position in iShares Interest Rate Hedged Corporate Bond ETF during the first quarter valued at approximately $95,000.

iShares Interest Rate Hedged Corporate Bond ETF Trading Down 0.1%

Shares of NYSEARCA LQDH opened at $93.23 on Thursday. The firm’s 50 day moving average price is $92.82 and its 200-day moving average price is $93.03. iShares Interest Rate Hedged Corporate Bond ETF has a 52-week low of $91.15 and a 52-week 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.