iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Short Interest Up 282.0% in December

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 21,241 shares, a growth of 282.0% from the December 15th total of 5,561 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily volume of 30,760 shares, the days-to-cover ratio is currently 0.7 days. Based on an average daily volume of 30,760 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.4% of the shares of the company are short sold.

iShares Interest Rate Hedged Corporate Bond ETF Trading Down 0.0%

iShares Interest Rate Hedged Corporate Bond ETF stock traded down $0.01 during mid-day trading on Wednesday, reaching $93.82. 36,851 shares of the company traded hands, compared to its average volume of 31,383. iShares Interest Rate Hedged Corporate Bond ETF has a fifty-two week low of $88.08 and a fifty-two week high of $94.44. The firm’s fifty day moving average is $93.24 and its two-hundred day moving average is $93.07.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in 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 valued at $36,545,000 after purchasing an additional 181,329 shares during the last quarter. Leo Wealth LLC lifted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 147.0% during the second quarter. Leo Wealth LLC now owns 240,710 shares of the company’s stock worth $22,256,000 after purchasing an additional 143,244 shares during the period. JPMorgan Chase & Co. boosted its position in iShares Interest Rate Hedged Corporate Bond ETF by 724.2% in the second quarter. JPMorgan Chase & Co. now owns 54,886 shares of the company’s stock valued at $5,071,000 after buying an additional 48,227 shares during the last quarter. Raymond James Financial Inc. increased its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 104.3% in the 3rd quarter. Raymond James Financial Inc. now owns 73,360 shares of the company’s stock worth $6,863,000 after buying an additional 37,448 shares during the period. Finally, Destination Wealth Management increased its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 4.1% in the 3rd quarter. Destination Wealth Management now owns 857,526 shares of the company’s stock worth $80,218,000 after buying an additional 34,064 shares during the period.

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.