iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Sees Large Increase in Short Interest

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 38,581 shares, a growth of 159.1% from the August 31st total of 14,891 shares. Based on an average trading volume of 240,192 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.4% of the company’s stock are sold short.

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

Shares of IGBH stock opened at $24.61 on Friday. 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 50-day moving average is $24.47 and its two-hundred day moving average is $24.44.

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.