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

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 37,883 shares, an increase of 58.2% from the January 15th total of 23,952 shares. Currently, 0.7% of the shares of the company are sold short. Based on an average daily volume of 119,051 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 119,051 shares, the short-interest ratio is presently 0.3 days. Currently, 0.7% of the shares of the company are sold short.

iShares Interest Rate Hedged Corporate Bond ETF Price Performance

Shares of NYSEARCA:LQDH traded up $0.02 during trading on Friday, hitting $93.13. 41,646 shares of the stock were exchanged, compared to its average volume of 87,288. iShares Interest Rate Hedged Corporate Bond ETF has a 12-month low of $88.08 and a 12-month high of $94.44. The company has a fifty day moving average price of $93.54 and a two-hundred day moving average price of $93.25.

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

A number of hedge funds and other institutional investors have recently modified their holdings of LQDH. Envestnet Asset Management Inc. raised its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 84.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 395,512 shares of the company’s stock valued at $36,545,000 after acquiring an additional 181,329 shares during the last quarter. Leo Wealth LLC increased its stake 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 valued at $24,500,000 after purchasing an additional 149,654 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares Interest Rate Hedged Corporate Bond ETF by 724.2% during the second quarter. JPMorgan Chase & Co. now owns 54,886 shares of the company’s stock worth $5,071,000 after buying an additional 48,227 shares during the period. LPL Financial LLC increased its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 12.9% during the 4th quarter. LPL Financial LLC now owns 393,935 shares of the company’s stock valued at $36,774,000 after acquiring an additional 45,039 shares during the last quarter. Finally, Twelve Points Wealth Management LLC lifted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 316.3% during the 4th quarter. Twelve Points Wealth Management LLC now owns 55,452 shares of the company’s stock worth $5,189,000 after acquiring an additional 42,133 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.