iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Short Interest Update

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 8,342 shares, a drop of 52.9% from the August 31st total of 17,724 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily volume of 41,724 shares, the days-to-cover ratio is currently 0.2 days.

iShares Interest Rate Hedged Corporate Bond ETF Stock Up 0.1%

LQDH traded up $0.06 on Tuesday, hitting $92.67. The company had a trading volume of 26,426 shares, compared to its average volume of 48,579. The company’s fifty day moving average price is $92.55 and its 200 day moving average price is $92.69. iShares Interest Rate Hedged Corporate Bond ETF has a 1 year low of $91.15 and a 1 year high of $94.38.

Hedge Funds Weigh In On iShares Interest Rate Hedged Corporate Bond ETF

Several large investors have recently made changes to their positions in the stock. Destination Wealth Management raised 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. Bank of America Corp DE boosted its holdings in 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 valued at $27,043,000 after acquiring an additional 10,336 shares during the period. Harbour Wealth Management Group Inc. boosted its holdings 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 valued at $9,645,000 after acquiring an additional 8,456 shares during the period. Rockefeller Capital Management L.P. grew its position in 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 acquiring an additional 7,341 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in iShares Interest Rate Hedged Corporate Bond ETF by 119.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24,358 shares of the company’s stock valued at $2,274,000 after acquiring an additional 13,278 shares in the last quarter.

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.