iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Sees Large Decrease in Short Interest

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the target of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 15,800 shares, a drop of 37.1% from the August 31st total of 25,100 shares. Based on an average daily volume of 31,200 shares, the short-interest ratio is currently 0.5 days. Based on an average daily volume of 31,200 shares, the short-interest ratio is currently 0.5 days.

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

Shares of IGBH opened at $24.58 on Tuesday. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 12 month low of $22.50 and a 12 month high of $24.73. The stock has a fifty day moving average price of $24.41 and a 200 day moving average price of $24.03.

Hedge Funds Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF

Institutional investors have recently modified their holdings of the company. Janney Montgomery Scott LLC lifted its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 7.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 13,970 shares of the company’s stock valued at $337,000 after purchasing an additional 1,006 shares during the last quarter. Ameriflex Group Inc. increased 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 purchasing an additional 1,135 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% in the second quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock valued at $86,000 after purchasing an additional 2,082 shares during the period. Finally, Goodman Advisory Group LLC bought a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the second quarter valued at approximately $64,000.

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.