iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) Short Interest Update

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) was the recipient of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,392 shares, a decline of 58.8% from the April 30th total of 8,243 shares. Based on an average daily trading volume, of 6,561 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of iShares Inflation Hedged Corporate Bond ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Osaic Holdings Inc. increased its position in shares of iShares Inflation Hedged Corporate Bond ETF by 537.1% in the second quarter. Osaic Holdings Inc. now owns 5,046 shares of the company’s stock valued at $133,000 after buying an additional 4,254 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of iShares Inflation Hedged Corporate Bond ETF during the 2nd quarter valued at approximately $141,000. Bank of America Corp DE grew its stake in iShares Inflation Hedged Corporate Bond ETF by 39.3% in the 3rd quarter. Bank of America Corp DE now owns 8,702 shares of the company’s stock valued at $234,000 after acquiring an additional 2,455 shares during the period. ABLE Financial Group LLC grew its stake in iShares Inflation Hedged Corporate Bond ETF by 7.7% in the 4th quarter. ABLE Financial Group LLC now owns 10,094 shares of the company’s stock valued at $267,000 after acquiring an additional 722 shares during the period. Finally, Jane Street Group LLC purchased a new stake in iShares Inflation Hedged Corporate Bond ETF in the 2nd quarter worth $472,000.

iShares Inflation Hedged Corporate Bond ETF Stock Performance

iShares Inflation Hedged Corporate Bond ETF stock remained flat at $26.60 during mid-day trading on Tuesday. 2,780 shares of the company’s stock were exchanged, compared to its average volume of 9,288. iShares Inflation Hedged Corporate Bond ETF has a twelve month low of $25.66 and a twelve month high of $27.20. The company has a fifty day moving average price of $26.35 and a two-hundred day moving average price of $26.47.

About iShares Inflation Hedged Corporate Bond ETF

The iShares Inflation Hedged Corporate Bond ETF (LQDI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares iBoxx USD Investment Grade Corporate Bond ETF (LQD), which targets investment-grade corporate bond, while using swaps to hedge inflation risk. LQDI was launched on May 8, 2018 and is managed by BlackRock.