iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Short Interest Up 776.7% in July

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the target of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 16,604 shares, a growth of 776.7% from the July 15th total of 1,894 shares. Currently, 0.3% of the company’s stock are sold short. Based on an average daily volume of 60,916 shares, the days-to-cover ratio is presently 0.3 days.

iShares Interest Rate Hedged Corporate Bond ETF Stock Up 0.0%

Shares of iShares Interest Rate Hedged Corporate Bond ETF stock traded up $0.01 during trading hours on Wednesday, hitting $92.26. 2,324 shares of the company’s stock traded hands, compared to its average volume of 50,667. 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 has a 50 day simple moving average of $92.81 and a 200-day simple moving average of $92.84.

Institutional Trading of iShares Interest Rate Hedged Corporate Bond ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its stake in iShares Interest Rate Hedged Corporate Bond ETF by 6.2% during the first quarter. Royal Bank of Canada now owns 23,312 shares of the company’s stock worth $2,151,000 after purchasing an additional 1,367 shares during the last quarter. Jane Street Group LLC grew its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 46.0% in the first quarter. Jane Street Group LLC now owns 32,600 shares of the company’s stock worth $3,008,000 after purchasing an additional 10,273 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 724.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 54,886 shares of the company’s stock worth $5,071,000 after buying an additional 48,227 shares in the last quarter. First Trust Advisors LP bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the second quarter worth approximately $332,000. Finally, Diversify Advisory Services LLC bought a new position in iShares Interest Rate Hedged Corporate Bond ETF during the 2nd quarter valued at $203,000.

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.