iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) was the target of a significant growth in short interest during the month of May. As of May 29th, there was short interest totaling 17,229 shares, a growth of 1,066.5% from the May 14th total of 1,477 shares. Based on an average daily trading volume, of 100,176 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the shares of the company are sold short.
Institutional Inflows and Outflows
An institutional investor recently raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. increased its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Free Report) by 141.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,555 shares of the company’s stock after purchasing an additional 2,082 shares during the period. JPMorgan Chase & Co. owned approximately 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 as of its most recent SEC filing.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Price Performance
NYSEARCA IGBH remained flat at $24.63 during trading hours on Tuesday. 28,471 shares of the company traded hands, compared to its average volume of 79,292. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 52-week low of $23.75 and a 52-week high of $25.05. The stock has a 50-day moving average of $24.48 and a 200-day 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.
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