iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Short Interest Up 770.6% in May

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 41,103 shares, an increase of 770.6% from the May 14th total of 4,721 shares. Based on an average daily volume of 35,576 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.8% of the company’s stock are sold short.

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

Several institutional investors have recently bought and sold shares of the stock. GC Wealth Management RIA LLC raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 3.9% in the 4th quarter. GC Wealth Management RIA LLC now owns 3,160 shares of the company’s stock valued at $295,000 after acquiring an additional 118 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 3.9% in the 4th quarter. GeoWealth Management LLC now owns 3,163 shares of the company’s stock worth $295,000 after acquiring an additional 118 shares during the period. Able Wealth Management LLC lifted its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 1.0% in the 4th quarter. Able Wealth Management LLC now owns 15,784 shares of the company’s stock worth $1,473,000 after acquiring an additional 154 shares during the period. Signature Equity Partners LLC lifted its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 58.4% in the 1st quarter. Signature Equity Partners LLC now owns 491 shares of the company’s stock worth $45,000 after acquiring an additional 181 shares during the period. Finally, Spire Wealth Management raised its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 784.4% in the 4th quarter. Spire Wealth Management now owns 283 shares of the company’s stock worth $26,000 after buying an additional 251 shares in the last quarter.

iShares Interest Rate Hedged Corporate Bond ETF Stock Up 0.2%

Shares of iShares Interest Rate Hedged Corporate Bond ETF stock traded up $0.17 during midday trading on Thursday, reaching $93.28. 22,121 shares of the company’s stock traded hands, compared to its average volume of 53,427. The company’s 50 day simple moving average is $92.94 and its 200 day simple moving average is $93.04. iShares Interest Rate Hedged Corporate Bond ETF has a 52 week low of $91.15 and a 52 week high of $94.38.

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.