Short Interest in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Declines By 35.5%

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,894 shares, a drop of 35.5% from the June 30th total of 2,937 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 55,392 shares, the short-interest ratio is presently 0.0 days.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

LQDH opened at $92.58 on Friday. The business has a fifty day simple moving average of $92.97 and a 200 day simple moving average of $92.91. iShares Interest Rate Hedged Corporate Bond ETF has a 1 year low of $91.15 and a 1 year high of $94.38.

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

Institutional investors have recently modified their holdings of the business. Savvy Advisors Inc. acquired a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF during the 4th quarter worth approximately $2,936,000. Leo Wealth LLC boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 132.8% in the fourth quarter. Leo Wealth LLC now owns 262,375 shares of the company’s stock valued at $24,500,000 after buying an additional 149,654 shares during the period. Harbour Wealth Management Group Inc. grew its position in iShares Interest Rate Hedged Corporate Bond ETF by 8.8% during the first quarter. Harbour Wealth Management Group Inc. now owns 104,447 shares of the company’s stock worth $9,645,000 after buying an additional 8,456 shares in the last quarter. UBS Group AG grew its position in iShares Interest Rate Hedged Corporate Bond ETF by 6.3% during the fourth quarter. UBS Group AG now owns 137,825 shares of the company’s stock worth $12,866,000 after buying an additional 8,178 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in iShares Interest Rate Hedged Corporate Bond ETF by 19.4% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 40,263 shares of the company’s stock worth $3,759,000 after acquiring an additional 6,550 shares during the period.

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.