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

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 53,997 shares, an increase of 42.8% from the January 29th total of 37,820 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 77,239 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 77,239 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.8% of the shares of the stock are sold short.

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

NYSEARCA:IGBH traded down $0.12 on Tuesday, reaching $24.18. The stock had a trading volume of 94,329 shares, compared to its average volume of 97,625. The firm’s fifty day moving average is $24.68 and its two-hundred 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.

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

Institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC purchased a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the 3rd quarter worth about $33,000. Goodman Advisory Group LLC acquired a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 2nd quarter valued at $64,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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 in the last quarter.

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.