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

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 53,997 shares, an increase of 42.8% from the January 29th total of 37,820 shares. Based on an average daily trading volume, of 77,239 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.8% of the shares of the stock are short sold. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 77,239 shares, the days-to-cover ratio is currently 0.7 days.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Down 0.6%

Shares of IGBH traded down $0.15 during trading hours on Friday, reaching $24.25. 41,637 shares of the company traded hands, compared to its average volume of 98,778. The stock has a fifty day simple moving average of $24.70 and a 200 day simple moving average of $24.58. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a fifty-two week low of $22.50 and a fifty-two week high of $25.05.

Hedge Funds Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the third quarter worth approximately $33,000. Goodman Advisory Group LLC purchased a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 2nd quarter worth $64,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% during 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 during the 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.