iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) was the target of a large decline in short interest in August. As of August 31st, there was short interest totaling 14,891 shares, a decline of 73.3% from the August 15th total of 55,866 shares. Based on an average trading volume of 72,148 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Price Performance
Shares of NYSEARCA:IGBH traded up $0.03 during midday trading on Friday, hitting $24.50. 217,674 shares of the stock were exchanged, compared to its average volume of 96,120. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 52-week low of $23.75 and a 52-week high of $25.05. The business’s fifty day simple moving average is $24.43 and its two-hundred day simple moving average is $24.42.
Hedge Funds Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF
An institutional investor recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. raised its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Free Report) by 141.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. 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.
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.
Further Reading
- Five stocks we like better than iShares Interest Rate Hedged Long-Term Corporate Bond ETF
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Receive News & Ratings for iShares Interest Rate Hedged Long-Term Corporate Bond ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares Interest Rate Hedged Long-Term Corporate Bond ETF and related companies with MarketBeat.com's FREE daily email newsletter.
