iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Large Decrease in Short Interest

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the target of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 10,439 shares, a decrease of 37.1% from the July 30th total of 16,604 shares. Approximately 0.2% of the company’s shares are short sold. Based on an average daily volume of 26,595 shares, the short-interest ratio is presently 0.4 days.

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

A number of large investors have recently added to or reduced their stakes in the stock. NBT Bank N A NY raised its stake in iShares Interest Rate Hedged Corporate Bond ETF by 340.9% during the 1st quarter. NBT Bank N A NY now owns 410 shares of the company’s stock valued at $38,000 after buying an additional 317 shares during the last quarter. Signature Equity Partners LLC boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 58.4% in the 1st quarter. Signature Equity Partners LLC now owns 491 shares of the company’s stock worth $45,000 after buying an additional 181 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF in the first quarter worth $95,000. Kestra Advisory Services LLC purchased a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the fourth quarter valued at $119,000. Finally, Geneos Wealth Management Inc. purchased a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the second quarter valued at $135,000.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

Shares of NYSEARCA LQDH traded down $0.39 during trading on Wednesday, reaching $92.39. 9,155 shares of the company traded hands, compared to its average volume of 48,676. The firm has a 50 day simple moving average of $92.61 and a 200-day simple moving average of $92.72. iShares Interest Rate Hedged Corporate Bond ETF has a 52-week low of $91.15 and a 52-week high of $94.38.

iShares Interest Rate Hedged Corporate Bond ETF Company Profile

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.