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 increase in short interest during the month of May. As of May 29th, there was short interest totaling 41,103 shares, an increase of 770.6% from the May 14th total of 4,721 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 35,576 shares, the short-interest ratio is currently 1.2 days.

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

Institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management increased its holdings 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 buying an additional 251 shares during the last quarter. NBT Bank N A NY increased its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 340.9% in 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 last quarter. Harbor Asset Planning Inc. acquired a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the fourth quarter valued at $42,000. Signature Equity Partners LLC increased its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 58.4% in 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 last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the first quarter valued at $95,000.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

LQDH traded down $0.05 during trading on Wednesday, reaching $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 twelve month low of $91.15 and a twelve month high of $94.38. The stock’s 50 day moving average price is $92.92 and its two-hundred day moving average price is $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.