iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) saw a significant increase in short interest in July. As of July 31st, there was short interest totaling 47,579 shares, an increase of 158.2% from the July 15th total of 18,426 shares. Currently, 0.5% of the company’s shares are short sold. Based on an average trading volume of 188,086 shares, the days-to-cover ratio is currently 0.3 days.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Up 0.2%
Shares of IGBH opened at $24.40 on Friday. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 1-year low of $23.75 and a 1-year high of $25.05. The firm’s 50-day moving average price is $24.49 and its 200-day moving average price is $24.45.
Hedge Funds Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF
An institutional investor recently raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. boosted its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Free Report) by 141.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,555 shares of the company’s stock after buying an additional 2,082 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 at the end of the most recent reporting period.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Company Profile
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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