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

iShares Inflation Hedged Corporate Bond ETF (BATS:LQDI) was the recipient of a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 6,466 shares, an increase of 294.0% from the May 31st total of 1,641 shares. Based on an average daily trading volume, of 8,977 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.2% of the shares of the company are short sold.

iShares Inflation Hedged Corporate Bond ETF Stock Performance

Shares of LQDI stock opened at $26.37 on Friday. iShares Inflation Hedged Corporate Bond ETF has a 52-week low of $25.85 and a 52-week high of $27.20. The stock’s 50-day moving average price is $26.41 and its 200 day moving average price is $26.43.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its holdings 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 purchasing an additional 4,254 shares during the period. Raymond James Financial Inc. purchased a new position in iShares Inflation Hedged Corporate Bond ETF in the 2nd quarter valued at $141,000. Bank of America Corp DE grew its position 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 buying an additional 2,455 shares during the last quarter. ABLE Financial Group LLC grew its position 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 buying an additional 722 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in iShares Inflation Hedged Corporate Bond ETF in the 2nd quarter valued at $472,000.

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.