iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Short Interest Down 51.2% in January

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a large drop in short interest in January. As of January 30th, there was short interest totaling 37,820 shares, a drop of 51.2% from the January 15th total of 77,426 shares. Based on an average trading volume of 102,047 shares, the short-interest ratio is presently 0.4 days. Approximately 0.6% of the shares of the stock are short sold. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 102,047 shares, the short-interest ratio is presently 0.4 days.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Price Performance

Shares of IGBH stock traded down $0.01 during trading hours on Friday, reaching $24.53. The company’s stock had a trading volume of 49,175 shares, compared to its average volume of 109,869. The firm’s fifty day simple moving average is $24.73 and its 200 day simple moving average is $24.57. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a one year low of $22.50 and a one year high of $25.05.

Institutional Trading of iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Several hedge funds and other institutional investors have recently made changes to their positions in IGBH. Farther Finance Advisors LLC purchased a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the third quarter worth approximately $33,000. Goodman Advisory Group LLC bought a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 2nd quarter valued at $64,000. JPMorgan Chase & Co. boosted its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock worth $86,000 after buying an additional 2,082 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 7.8% in the second quarter. Janney Montgomery Scott LLC now owns 13,970 shares of the company’s stock worth $337,000 after acquiring an additional 1,006 shares during the 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.