Short Interest in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Rises By 58.1%

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 77,426 shares, a growth of 58.1% from the December 31st total of 48,986 shares. Based on an average daily volume of 150,545 shares, the short-interest ratio is currently 0.5 days. Approximately 1.1% of the company’s stock are sold short. Approximately 1.1% of the company’s stock are sold short. Based on an average daily volume of 150,545 shares, the short-interest ratio is currently 0.5 days.

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

IGBH stock traded up $0.01 on Monday, reaching $24.88. 14,695 shares of the company traded hands, compared to its average volume of 120,933. The firm has a fifty day simple moving average of $24.72 and a 200-day simple moving average of $24.54. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a one year low of $22.50 and a one year high of $25.05.

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

A number of hedge funds have recently bought and sold shares of the company. Janney Montgomery Scott LLC grew 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 valued at $337,000 after purchasing an additional 1,006 shares during the last quarter. Ameriflex Group Inc. grew its holdings in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 21.1% during 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 during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the third quarter valued at approximately $33,000. JPMorgan Chase & Co. raised its holdings in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% in 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 last quarter. Finally, Goodman Advisory Group LLC bought a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the 2nd quarter valued at approximately $64,000.

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.