iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Short Interest Up 69.8% in August

by · The Markets Daily

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 17,724 shares, a growth of 69.8% from the August 15th total of 10,439 shares. Based on an average trading volume of 30,478 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.3% of the shares of the stock are sold short.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

NYSEARCA:LQDH traded up $0.15 during trading hours on Wednesday, reaching $92.74. 17,162 shares of the company were exchanged, compared to its average volume of 48,437. The stock’s 50-day moving average is $92.50 and its 200-day moving average is $92.67. iShares Interest Rate Hedged Corporate Bond ETF has a twelve month low of $91.15 and a twelve month high of $94.38.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of LQDH. Harbour Wealth Management Group Inc. raised its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 8.8% during the first quarter. Harbour Wealth Management Group Inc. now owns 104,447 shares of the company’s stock valued at $9,645,000 after acquiring an additional 8,456 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 3.7% in the first quarter. Bank of America Corp DE now owns 292,864 shares of the company’s stock worth $27,043,000 after acquiring an additional 10,336 shares during the last quarter. Destination Wealth Management increased its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 4.1% during the fourth quarter. Destination Wealth Management now owns 892,414 shares of the company’s stock worth $83,307,000 after purchasing an additional 34,888 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of iShares Interest Rate Hedged Corporate Bond ETF by 20.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 43,768 shares of the company’s stock worth $4,086,000 after purchasing an additional 7,341 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in iShares Interest Rate Hedged Corporate Bond ETF by 119.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 24,358 shares of the company’s stock valued at $2,274,000 after purchasing an additional 13,278 shares during the last quarter.

About iShares Interest Rate Hedged Corporate Bond ETF

(Get Free Report)

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.

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