Short Interest in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Expands By 69.8%

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 17,724 shares, an increase of 69.8% from the August 15th total of 10,439 shares. Based on an average daily volume of 30,478 shares, the short-interest ratio is presently 0.6 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of iShares Interest Rate Hedged Corporate Bond ETF during the second quarter valued at approximately $79,000. Cadia Private Client LLC purchased a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the 1st quarter worth about $223,000. Western Wealth Management LLC bought a new position in iShares Interest Rate Hedged Corporate Bond ETF during the first quarter valued at about $95,000. Bank of America Corp DE grew its position in shares of 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. Finally, Signature Equity Partners LLC increased its position in 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 worth $45,000 after buying an additional 181 shares during the last quarter.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

iShares Interest Rate Hedged Corporate Bond ETF stock traded up $0.15 during midday trading on Thursday, reaching $92.89. The stock had a trading volume of 28,296 shares, compared to its average volume of 48,324. iShares Interest Rate Hedged Corporate Bond ETF has a 12 month low of $91.15 and a 12 month high of $94.38. The company has a fifty day moving average price of $92.50 and a two-hundred day moving average price of $92.67.

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.