iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Short Interest Update

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 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. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily volume of 100,176 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of IGBH stock remained flat at $24.63 during trading hours on Tuesday. 28,471 shares of the stock traded hands, compared to its average volume of 79,292. The stock has a fifty day moving average of $24.48 and a two-hundred day moving average of $24.51. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a twelve month low of $23.75 and a twelve month high of $25.05.

Institutional Trading of 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. JPMorgan Chase & Co. grew its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 141.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,555 shares of the company’s stock after purchasing an additional 2,082 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 at the end of the most recent 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.