iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) Sees Significant Decline in Short Interest

iShares Interest Rate Hedged Corporate Bond ETF (NYSEARCA:LQDH) was the recipient of a significant decrease in short interest in February. As of February 27th, there was short interest totaling 2,719 shares, a decrease of 90.9% from the February 12th total of 29,894 shares. Based on an average trading volume of 53,701 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 53,701 shares, the days-to-cover ratio is presently 0.1 days.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Destination Wealth Management grew its stake in 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 buying an additional 34,888 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 9.1% in the third quarter. Envestnet Asset Management Inc. now owns 431,504 shares of the company’s stock valued at $40,365,000 after acquiring an additional 35,992 shares during the last quarter. LPL Financial LLC raised its stake in shares of iShares Interest Rate Hedged Corporate Bond ETF by 12.9% in the fourth quarter. LPL Financial LLC now owns 393,935 shares of the company’s stock valued at $36,774,000 after acquiring an additional 45,039 shares during the last quarter. Leo Wealth LLC boosted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 132.8% in the 4th quarter. Leo Wealth LLC now owns 262,375 shares of the company’s stock worth $24,500,000 after acquiring an additional 149,654 shares in the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of iShares Interest Rate Hedged Corporate Bond ETF by 10.4% in the 4th quarter. MML Investors Services LLC now owns 167,831 shares of the company’s stock worth $15,667,000 after acquiring an additional 15,878 shares in the last quarter.

iShares Interest Rate Hedged Corporate Bond ETF Stock Down 0.2%

Shares of NYSEARCA LQDH traded down $0.22 during midday trading on Tuesday, reaching $92.20. 34,474 shares of the company traded hands, compared to its average volume of 74,630. iShares Interest Rate Hedged Corporate Bond ETF has a 12 month low of $88.08 and a 12 month high of $94.38. The stock’s 50-day simple moving average is $93.35 and its 200-day simple moving average is $93.24.

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.