iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Sees Large Growth in Short Interest

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBHGet Free Report) was the recipient of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 53,997 shares, a growth of 42.8% from the January 29th total of 37,820 shares. Based on an average daily trading volume, of 77,239 shares, the short-interest ratio is presently 0.7 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 77,239 shares, the short-interest ratio is presently 0.7 days.

Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Several hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock valued at $86,000 after acquiring an additional 2,082 shares during the last quarter. Goodman Advisory Group LLC purchased a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the second quarter valued at about $64,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the third quarter worth about $33,000.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Trading Down 0.6%

Shares of IGBH traded down $0.15 during mid-day trading on Friday, reaching $24.25. The company’s stock had a trading volume of 41,637 shares, compared to its average volume of 98,778. The company’s 50 day moving average is $24.70 and its 200 day moving average is $24.58. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 12-month low of $22.50 and a 12-month high of $25.05.

About iShares Interest Rate Hedged Long-Term Corporate Bond ETF

(Get Free Report)

The iShares Interest Rate Hedged Long-Term Corporate Bond ETF (IGBH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index that holds the iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB) and uses derivatives to hedge out interest rate risk. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.

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