Short Interest in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Declines By 80.7%
by Jessica Moore · The Cerbat GemiShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totaling 3,528 shares, a drop of 80.7% from the March 15th total of 18,269 shares. Based on an average daily volume of 50,780 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.
Institutional Trading of iShares Interest Rate Hedged Long-Term Corporate Bond ETF
Several institutional investors and hedge funds have recently modified their holdings of IGBH. JPMorgan Chase & Co. raised its holdings 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 valued at $86,000 after acquiring an additional 2,082 shares in 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 2nd quarter valued at about $64,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the 3rd quarter valued at about $33,000.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Down 0.2%
NYSEARCA IGBH traded down $0.04 during trading hours on Friday, hitting $24.27. The company had a trading volume of 18,106 shares, compared to its average volume of 86,384. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 52 week low of $23.05 and a 52 week high of $25.05. The firm has a 50 day simple moving average of $24.28 and a 200 day simple moving average of $24.51.
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.