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

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 3,990 shares, a growth of 46.7% from the February 26th total of 2,719 shares. Based on an average daily volume of 50,868 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

Shares of LQDH stock traded up $0.23 during mid-day trading on Monday, reaching $91.90. 3,234 shares of the stock traded hands, compared to its average volume of 68,909. The stock’s fifty day simple moving average is $92.88 and its two-hundred day simple moving average is $93.15. iShares Interest Rate Hedged Corporate Bond ETF has a 1-year low of $88.08 and a 1-year high of $94.38.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Destination Wealth Management grew its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 4.1% during the fourth quarter. Destination Wealth Management now owns 892,414 shares of the company’s stock worth $83,307,000 after buying an additional 34,888 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 9.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 431,504 shares of the company’s stock worth $40,365,000 after acquiring an additional 35,992 shares in the last quarter. LPL Financial LLC grew its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 12.9% in the 4th quarter. LPL Financial LLC now owns 393,935 shares of the company’s stock worth $36,774,000 after acquiring an additional 45,039 shares in the last quarter. Leo Wealth LLC raised its holdings 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 purchasing an additional 149,654 shares during the last quarter. Finally, MML Investors Services LLC raised its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 10.4% in the fourth quarter. MML Investors Services LLC now owns 167,831 shares of the company’s stock valued at $15,667,000 after purchasing an additional 15,878 shares during the last quarter.

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.