Short Interest in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Rises By 125.5%

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 68,514 shares, an increase of 125.5% from the November 30th total of 30,384 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily volume of 62,568 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 62,568 shares, the days-to-cover ratio is presently 1.1 days. Currently, 1.3% of the company’s shares are sold short.

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

Shares of IGBH opened at $24.67 on Monday. The business has a fifty day moving average of $24.58 and a 200 day moving average of $24.41. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 52-week low of $22.50 and a 52-week high of $24.82.

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

Several institutional investors have recently made changes to their positions in the company. Farther Finance Advisors LLC bought a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 3rd quarter valued at about $33,000. Goodman Advisory Group LLC purchased a new position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the second quarter valued at approximately $64,000. JPMorgan Chase & Co. grew its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% during the second quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock valued at $86,000 after buying an additional 2,082 shares during the last quarter. Ameriflex Group Inc. grew its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 21.1% during the second quarter. Ameriflex Group Inc. now owns 6,525 shares of the company’s stock valued at $156,000 after buying an additional 1,135 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its holdings in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 7.8% in the second quarter. Janney Montgomery Scott LLC now owns 13,970 shares of the company’s stock worth $337,000 after buying an additional 1,006 shares during the period.

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.