iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Short Interest Update

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 17,229 shares, an increase of 1,066.5% from the May 14th total of 1,477 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 100,176 shares, the days-to-cover ratio is presently 0.2 days.

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

An institutional investor recently raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 141.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,555 shares of the company’s stock after acquiring an additional 2,082 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 at the end of the most recent reporting period.

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

IGBH stock remained flat at $24.63 during trading hours on Thursday. 18,464 shares of the company’s stock were exchanged, compared to its average volume of 78,468. The company’s fifty day moving average is $24.49 and its 200-day moving average is $24.51. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 12-month low of $23.75 and a 12-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.