iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 14,891 shares, a decrease of 73.3% from the August 15th total of 55,866 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 72,148 shares, the days-to-cover ratio is currently 0.2 days.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Performance
NYSEARCA:IGBH traded up $0.03 during mid-day trading on Friday, hitting $24.50. 217,674 shares of the stock were exchanged, compared to its average volume of 96,120. The firm’s 50-day simple moving average is $24.43 and its 200 day simple moving average is $24.42. 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.
Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF
A hedge fund recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. boosted 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 the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,555 shares of the company’s stock after acquiring an additional 2,082 shares during the period. JPMorgan Chase & Co. owned 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 at the end of the most recent reporting period.
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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