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) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 47,579 shares, a growth of 158.2% from the July 15th total of 18,426 shares. Based on an average daily trading volume, of 188,086 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds 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. grew its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 141.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,555 shares of the company’s stock after acquiring an additional 2,082 shares during the quarter. JPMorgan Chase & Co. owned about 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 Price Performance

Shares of IGBH stock traded down $0.03 during midday trading on Friday, reaching $24.37. 77,862 shares of the company traded hands, compared to its average volume of 89,144. The firm’s 50 day simple moving average is $24.48 and its two-hundred day simple moving average is $24.45. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 1-year low of $23.75 and a 1-year high of $25.05.

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.