iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Short Interest Down 37.1% in August

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

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

Several large investors have recently modified their holdings of LQDH. Destination Wealth Management lifted its stake in iShares Interest Rate Hedged Corporate Bond ETF by 4.1% during the 4th quarter. Destination Wealth Management now owns 892,414 shares of the company’s stock worth $83,307,000 after acquiring an additional 34,888 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 12.9% during the fourth quarter. LPL Financial LLC now owns 393,935 shares of the company’s stock worth $36,774,000 after purchasing an additional 45,039 shares in the last quarter. Bank of America Corp DE lifted its holdings in 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 worth $27,043,000 after buying an additional 10,336 shares in the last quarter. MML Investors Services LLC boosted its position in iShares Interest Rate Hedged Corporate Bond ETF by 10.4% in the 4th quarter. MML Investors Services LLC now owns 167,831 shares of the company’s stock valued at $15,667,000 after buying an additional 15,878 shares during the period. Finally, UBS Group AG boosted its position in iShares Interest Rate Hedged Corporate Bond ETF by 6.3% in the 4th quarter. UBS Group AG now owns 137,825 shares of the company’s stock valued at $12,866,000 after buying an additional 8,178 shares during the period.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

Shares of NYSEARCA LQDH opened at $92.91 on Monday. The business has a 50-day moving average price of $92.63 and a 200 day moving average price 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.

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.