Short Interest in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Increases By 158.2%

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) saw a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 47,579 shares, an increase of 158.2% from the July 15th total of 18,426 shares. Based on an average daily volume of 188,086 shares, the short-interest ratio is presently 0.3 days. Currently, 0.5% of the shares of the company are sold short.

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

NYSEARCA:IGBH opened at $24.40 on Friday. 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. The stock’s fifty day moving average price is $24.49 and its two-hundred day moving average price is $24.45.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. grew its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) by 141.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,555 shares of the company’s stock after buying an additional 2,082 shares during the quarter. JPMorgan Chase & Co. owned 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.