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

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 1,894 shares, a decline of 35.5% from the June 30th total of 2,937 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 55,392 shares, the short-interest ratio is presently 0.0 days.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

LQDH traded up $0.14 during trading on Friday, hitting $92.61. 53,019 shares of the company’s stock traded hands, compared to its average volume of 51,847. The company’s 50 day simple moving average is $92.98 and its two-hundred day simple moving average is $92.92. iShares Interest Rate Hedged Corporate Bond ETF has a 12-month low of $91.15 and a 12-month high of $94.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LQDH. Savvy Advisors Inc. bought a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the fourth quarter valued at about $2,936,000. Leo Wealth LLC increased its position in 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 worth $24,500,000 after buying an additional 149,654 shares in the last quarter. Harbour Wealth Management Group Inc. increased its position in iShares Interest Rate Hedged Corporate Bond ETF by 8.8% in the first quarter. Harbour Wealth Management Group Inc. now owns 104,447 shares of the company’s stock worth $9,645,000 after buying an additional 8,456 shares in the last quarter. UBS Group AG raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 6.3% in the fourth quarter. UBS Group AG now owns 137,825 shares of the company’s stock worth $12,866,000 after buying an additional 8,178 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 19.4% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 40,263 shares of the company’s stock worth $3,759,000 after buying an additional 6,550 shares during the period.

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.