Short Interest in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Increases By 792.2%

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,061 shares, a growth of 792.2% from the April 15th total of 231 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily volume of 36,803 shares, the days-to-cover ratio is currently 0.1 days.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Trading Up 0.0%

Shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock traded up $0.01 during midday trading on Wednesday, hitting $24.57. 32,010 shares of the company traded hands, compared to its average volume of 77,818. The firm’s fifty day moving average price is $24.23 and its 200-day moving average price is $24.49. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 12 month low of $23.44 and a 12 month high of $25.05.

Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of IGBH. Goodman Advisory Group LLC increased its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 223.2% in the 3rd quarter. Goodman Advisory Group LLC now owns 8,645 shares of the company’s stock worth $213,000 after purchasing an additional 5,970 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the 3rd quarter worth about $33,000. Finally, JPMorgan Chase & Co. increased its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock worth $86,000 after purchasing an additional 2,082 shares in the last quarter.

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.