iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Short Interest Up 770.6% in May

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 41,103 shares, a growth of 770.6% from the May 14th total of 4,721 shares. Based on an average daily volume of 35,576 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.8% of the shares of the stock are sold short.

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

Several institutional investors and hedge funds have recently bought and sold shares of 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 worth $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 worth $38,000 after purchasing an additional 317 shares during the period. Harbor Asset Planning Inc. bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the fourth quarter worth about $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 worth $45,000 after purchasing an additional 181 shares during the period. Finally, Western Wealth Management LLC bought a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the first quarter worth about $95,000.

iShares Interest Rate Hedged Corporate Bond ETF Trading Down 0.1%

LQDH traded down $0.05 on Wednesday, hitting $93.12. 5,874 shares of the stock were exchanged, compared to its average volume of 53,337. iShares Interest Rate Hedged Corporate Bond ETF has a 12 month low of $91.15 and a 12 month high of $94.38. The business has a 50-day moving average of $92.92 and a two-hundred day moving average of $93.04.

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.