iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) was the target of a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 14,891 shares, a decline of 73.3% from the August 15th total of 55,866 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 72,148 shares, the short-interest ratio is currently 0.2 days.
Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF
An institutional investor recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. increased its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Free Report) by 141.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,555 shares of the company’s stock after acquiring an additional 2,082 shares during the quarter. JPMorgan Chase & Co. owned about 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
Shares of NYSEARCA IGBH traded up $0.03 during trading hours on Friday, hitting $24.50. 217,674 shares of the company’s stock were exchanged, compared to its average volume of 96,120. The company’s 50-day moving average price is $24.43 and its 200-day moving average price is $24.42. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 1-year low of $23.75 and a 1-year high of $25.05.
About iShares Interest Rate Hedged Long-Term Corporate Bond ETF
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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