iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Short Interest Down 21.1% in February

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) saw a large decrease in short interest in the month of February. As of February 13th, there was short interest totaling 29,894 shares, a decrease of 21.1% from the January 29th total of 37,883 shares. Based on an average daily trading volume, of 56,951 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.5% of the shares of the company are short sold. Approximately 0.5% of the shares of the company are short sold. Based on an average daily trading volume, of 56,951 shares, the days-to-cover ratio is currently 0.5 days.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

NYSEARCA LQDH traded up $0.12 on Wednesday, hitting $92.57. 12,379 shares of the company’s stock traded hands, compared to its average volume of 75,861. The firm’s 50-day moving average price is $93.44 and its two-hundred day moving average price is $93.27. iShares Interest Rate Hedged Corporate Bond ETF has a 1-year low of $88.08 and a 1-year high of $94.38.

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

Several hedge funds have recently added to or reduced their stakes in LQDH. Royal Bank of Canada raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 6.2% during the 1st quarter. Royal Bank of Canada now owns 23,312 shares of the company’s stock valued at $2,151,000 after buying an additional 1,367 shares during the last quarter. Jane Street Group LLC grew its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 46.0% during the 1st quarter. Jane Street Group LLC now owns 32,600 shares of the company’s stock worth $3,008,000 after purchasing an additional 10,273 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 84.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 395,512 shares of the company’s stock worth $36,545,000 after purchasing an additional 181,329 shares during the period. Bank of Montreal Can boosted its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 0.6% during the second quarter. Bank of Montreal Can now owns 53,708 shares of the company’s stock worth $4,963,000 after buying an additional 336 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 96.2% in the second quarter. First Horizon Advisors Inc. now owns 1,711 shares of the company’s stock valued at $158,000 after buying an additional 839 shares in the last quarter.

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.