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

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 23,475 shares, a decrease of 56.5% from the February 12th total of 53,997 shares. Based on an average daily volume of 61,762 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.3% of the company’s shares are sold short. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 61,762 shares, the days-to-cover ratio is presently 0.4 days.

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

Shares of IGBH stock traded down $0.09 during mid-day trading on Friday, hitting $23.75. 30,247 shares of the company’s stock were exchanged, compared to its average volume of 91,440. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a fifty-two week low of $22.50 and a fifty-two week high of $25.05. The stock has a 50-day simple moving average of $24.59 and a two-hundred day simple moving average of $24.56.

Institutional Trading of iShares Interest Rate Hedged Long-Term Corporate Bond ETF

A number of hedge funds have recently added to or reduced their stakes in IGBH. Goodman Advisory Group LLC grew its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 223.2% in the 3rd 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 during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% during the 2nd 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 shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 3rd quarter worth about $33,000.

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.