Short Interest in iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Decreases By 91.5%

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 3,505 shares, a drop of 91.5% from the May 31st total of 41,103 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 38,360 shares, the days-to-cover ratio is currently 0.1 days.

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

Large investors have recently modified their holdings of the business. Destination Wealth Management lifted its holdings in shares of 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 purchasing an additional 34,888 shares during the period. LPL Financial LLC increased its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 12.9% in the fourth quarter. LPL Financial LLC now owns 393,935 shares of the company’s stock valued at $36,774,000 after purchasing an additional 45,039 shares during the period. Bank of America Corp DE increased its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 3.7% in the first quarter. Bank of America Corp DE now owns 292,864 shares of the company’s stock valued at $27,043,000 after purchasing an additional 10,336 shares during the period. Leo Wealth LLC raised its position in iShares Interest Rate Hedged Corporate Bond ETF by 132.8% during the 4th quarter. Leo Wealth LLC now owns 262,375 shares of the company’s stock worth $24,500,000 after purchasing an additional 149,654 shares during the last quarter. Finally, MML Investors Services LLC raised its position in iShares Interest Rate Hedged Corporate Bond ETF by 10.4% during the 4th quarter. MML Investors Services LLC now owns 167,831 shares of the company’s stock worth $15,667,000 after purchasing an additional 15,878 shares during the last quarter.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

Shares of iShares Interest Rate Hedged Corporate Bond ETF stock traded up $0.04 on Thursday, hitting $93.21. The stock had a trading volume of 14,597 shares, compared to its average volume of 51,525. The stock has a 50 day moving average of $93.11 and a 200 day moving average of $93.05. iShares Interest Rate Hedged Corporate Bond ETF has a twelve month low of $91.15 and a twelve month high of $94.38.

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.