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

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management raised its stake in 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 valued at $26,000 after purchasing an additional 251 shares during the last quarter. Harbor Asset Planning Inc. purchased a new position in iShares Interest Rate Hedged Corporate Bond ETF in the fourth quarter valued at $42,000. Kestra Advisory Services LLC acquired a new position in iShares Interest Rate Hedged Corporate Bond ETF in the fourth quarter valued at approximately $119,000. PNC Financial Services Group Inc. increased its stake in iShares Interest Rate Hedged Corporate Bond ETF by 38.9% in the second quarter. PNC Financial Services Group Inc. now owns 1,364 shares of the company’s stock valued at $126,000 after purchasing an additional 382 shares during the last quarter. Finally, Geneos Wealth Management Inc. acquired a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the 2nd quarter worth $135,000.

iShares Interest Rate Hedged Corporate Bond ETF Stock Performance

Shares of NYSEARCA:LQDH opened at $92.51 on Monday. iShares Interest Rate Hedged Corporate Bond ETF has a 1 year low of $88.08 and a 1 year high of $94.38. The business has a 50 day simple moving average of $93.48 and a two-hundred day simple moving average of $93.28.

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.