IGLB - LQD the largest credit ETF is under fire

The investment communities largest credit exchange traded fund, iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD), has hit the highest levels of short interest in the ETFs history. Per Bloomberg, investors currently hold net short positions representing 21.5% of all the shares offered.LQD is under pressure as inflation discussions circle the market. The inflation pace has now picked up 4.2% in April, the highest level since 2008. In Wednesday’s trading session, the U.S. 10-Year-Treasury yield traded up six basis points to the 1.686 level, and the U.S. 30-Year-Treasury yield went up four basis points to the 2.401 handle.LQD closed on the day -0.54% and is also -5.48% on a year-to-date basis.Over the past four months plus, LQD has been hemorrhaging out funds almost on a week-to-week basis. LQD has seen a total of -$11.52B in outflows year-to-date. Below is a chart showing the flows of LQD on a YTD basis; the closing date is May

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LQD, the largest credit ETF is under fire