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

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) saw a significant drop in short interest in December. As of December 31st, there was short interest totaling 48,986 shares, a drop of 28.5% from the December 15th total of 68,514 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 54,917 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 54,917 shares, the short-interest ratio is currently 0.9 days. Currently, 0.8% of the shares of the stock are sold short.

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

Several large investors have recently made changes to their positions in IGBH. Farther Finance Advisors LLC acquired a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the third quarter valued at $33,000. Goodman Advisory Group LLC acquired a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the 2nd quarter valued at about $64,000. JPMorgan Chase & Co. raised its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% in the second quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock worth $86,000 after acquiring an additional 2,082 shares during the last quarter. Ameriflex Group Inc. raised its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 21.1% in the second quarter. Ameriflex Group Inc. now owns 6,525 shares of the company’s stock worth $156,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 7.8% during the second quarter. Janney Montgomery Scott LLC now owns 13,970 shares of the company’s stock worth $337,000 after purchasing an additional 1,006 shares in the last quarter.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Down 0.0%

Shares of IGBH traded down $0.01 on Monday, hitting $24.91. The company’s stock had a trading volume of 101,009 shares, compared to its average volume of 146,001. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a fifty-two week low of $22.50 and a fifty-two week high of $24.94. The company has a 50 day moving average price of $24.61 and a 200 day moving average price of $24.48.

About iShares Interest Rate Hedged Long-Term Corporate Bond ETF

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.