Short Interest in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Decreases By 51.2%

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a significant drop in short interest during the month of January. As of January 30th, there was short interest totaling 37,820 shares, a drop of 51.2% from the January 15th total of 77,426 shares. Based on an average daily trading volume, of 102,047 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company’s shares are sold short. Currently, 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 102,047 shares, the days-to-cover ratio is presently 0.4 days.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Down 0.3%

Shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock traded down $0.07 on Thursday, hitting $24.58. The stock had a trading volume of 29,824 shares, compared to its average volume of 111,481. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a one year low of $22.50 and a one year high of $25.05. The stock’s 50-day simple moving average is $24.73 and its two-hundred day simple moving average is $24.56.

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

Institutional investors have recently modified their holdings of the company. Goodman Advisory Group LLC increased its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 223.2% in the 3rd quarter. Goodman Advisory Group LLC now owns 8,645 shares of the company’s stock worth $213,000 after acquiring an additional 5,970 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the third quarter worth approximately $33,000. JPMorgan Chase & Co. boosted its stake 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 worth $86,000 after buying an additional 2,082 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in 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 valued at $337,000 after acquiring an additional 1,006 shares during 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.