TCW Corporate Bond ETF (NYSE:IGCB) Sees Significant Growth in Short Interest

TCW Corporate Bond ETF (NYSE:IGCB) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 3 shares, an increase of 200.0% from the August 15th total of 1 shares. Based on an average daily trading volume, of 339 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On TCW Corporate Bond ETF

A hedge fund recently raised its stake in TCW Corporate Bond ETF stock. Citadel Advisors LLC lifted its stake in shares of TCW Corporate Bond ETF (NYSE:IGCB) by 20.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,130 shares of the company’s stock after buying an additional 1,880 shares during the quarter. Citadel Advisors LLC owned 1.22% of TCW Corporate Bond ETF worth $511,000 as of its most recent filing with the SEC.

TCW Corporate Bond ETF Stock Performance

Shares of IGCB stock traded down $0.07 during mid-day trading on Monday, reaching $44.24. The company’s stock had a trading volume of 25 shares, compared to its average volume of 1,720. The company’s 50 day simple moving average is $44.97 and its 200-day simple moving average is $45.58. TCW Corporate Bond ETF has a 12-month low of $44.19 and a 12-month high of $47.37.

About TCW Corporate Bond ETF

The TCW Corporate Bond ETF (IGCB) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund takes an active approach to holding US investment grade and high yield corporate securities, with an average duration of three to nine years. IGCB was launched on Jun 29, 2018 and is issued by TCW.