Short Interest in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Increases By 1,066.5%

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) saw a significant growth in short interest in 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. Approximately 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 100,176 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On 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. Goodman Advisory Group LLC grew its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 223.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,645 shares of the company’s stock after purchasing an additional 5,970 shares during the period. Goodman Advisory Group LLC owned about 0.16% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $213,000 at the end of the most recent quarter.

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

Shares of NYSEARCA:IGBH remained flat at $24.63 during midday trading on Wednesday. 48,496 shares of the company were exchanged, compared to its average volume of 78,989. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a fifty-two week low of $23.75 and a fifty-two week high of $25.05. The stock’s fifty day moving average price is $24.48 and its two-hundred day moving average price is $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.