iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Short Interest Down 56.5% in February

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a large decline in short interest in the month of February. As of February 27th, there was short interest totaling 23,475 shares, a decline of 56.5% from the February 12th total of 53,997 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 61,762 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily trading volume, of 61,762 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in 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 purchasing an additional 2,082 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 2nd quarter worth approximately $64,000. Finally, Farther Finance Advisors LLC bought a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the third quarter valued at $33,000.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Trading Down 0.5%

Shares of IGBH stock traded down $0.12 on Thursday, hitting $23.84. The company had a trading volume of 69,502 shares, compared to its average volume of 92,715. The stock’s 50-day moving average is $24.61 and its two-hundred day moving average is $24.56. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a twelve month low of $22.50 and a twelve month high of $25.05.

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.