iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Short Interest Down 28.5% in December

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 48,986 shares, a drop of 28.5% from the December 15th total of 68,514 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average trading volume of 54,917 shares, the short-interest ratio is presently 0.9 days. Based on an average trading volume of 54,917 shares, the short-interest ratio is presently 0.9 days. Approximately 0.8% of the shares of the company are sold short.

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

Several hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC increased its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 7.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 13,970 shares of the company’s stock worth $337,000 after purchasing an additional 1,006 shares during the period. Goodman Advisory Group LLC boosted its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 223.2% in the third quarter. Goodman Advisory Group LLC now owns 8,645 shares of the company’s stock valued at $213,000 after buying an additional 5,970 shares in the last quarter. Ameriflex Group Inc. boosted its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 21.1% in 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 in the last quarter. JPMorgan Chase & Co. grew its holdings in 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 worth $86,000 after acquiring an additional 2,082 shares during the period. Finally, Farther Finance Advisors LLC purchased a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the third quarter worth $33,000.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Down 0.0%

IGBH stock traded down $0.01 on Friday, hitting $24.91. The company’s stock had a trading volume of 101,009 shares, compared to its average volume of 146,001. The firm has a 50 day moving average of $24.61 and a two-hundred day moving average of $24.48. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 1 year low of $22.50 and a 1 year high of $24.94.

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.