iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH – Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 17,724 shares, an increase 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 currently 0.6 days. Approximately 0.3% of the company’s shares are short sold.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of LQDH. Signature Equity Partners LLC boosted its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 58.4% during 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 in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 2.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,282 shares of the company’s stock valued at $960,000 after purchasing an additional 253 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 16.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,002 shares of the company’s stock worth $187,000 after purchasing an additional 290 shares during the period. NBT Bank N A NY raised its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 340.9% in the 1st quarter. NBT Bank N A NY now owns 410 shares of the company’s stock worth $38,000 after purchasing an additional 317 shares during the period. Finally, Private Advisor Group LLC boosted its position in iShares Interest Rate Hedged Corporate Bond ETF by 13.8% during the first quarter. Private Advisor Group LLC now owns 2,766 shares of the company’s stock worth $255,000 after purchasing an additional 336 shares in the last quarter.
iShares Interest Rate Hedged Corporate Bond ETF Price Performance
Shares of LQDH stock traded up $0.15 during trading hours on Wednesday, reaching $92.74. 17,162 shares of the stock were exchanged, compared to its average volume of 48,437. iShares Interest Rate Hedged Corporate Bond ETF has a 12-month low of $91.15 and a 12-month high of $94.38. The company’s 50-day moving average price is $92.50 and its 200-day moving average price is $92.67.
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.
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