iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 17,637 shares, a drop of 49.6% from the September 30th total of 34,988 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 38,757 shares, the days-to-cover ratio is presently 0.5 days.
iShares Interest Rate Hedged Corporate Bond ETF Price Performance
Shares of LQDH traded down $0.32 during trading on Friday, reaching $92.03. 327,348 shares of the company traded hands, compared to its average volume of 49,001. The stock has a 50-day simple moving average of $92.56 and a 200-day simple moving average of $92.78. iShares Interest Rate Hedged Corporate Bond ETF has a twelve month low of $91.15 and a twelve month high of $94.38.
Hedge Funds Weigh In On iShares Interest Rate Hedged Corporate Bond ETF
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Laurel Wealth Advisors LLC purchased a new position in shares of iShares Interest Rate Hedged Corporate Bond ETF in the third quarter valued at approximately $204,000. Oppenheimer & Co. Inc. purchased a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the 3rd quarter worth approximately $887,000. Park Avenue Securities LLC acquired a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the 3rd quarter worth approximately $211,000. Sigma Planning Corp acquired a new stake in iShares Interest Rate Hedged Corporate Bond ETF during the 3rd quarter worth approximately $321,000. Finally, Capital Square LLC lifted its holdings in iShares Interest Rate Hedged Corporate Bond ETF by 20.1% during the 3rd quarter. Capital Square LLC now owns 2,739 shares of the company’s stock worth $254,000 after buying an additional 459 shares in the last quarter.
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.
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