iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 18,269 shares, a drop of 22.2% from the February 26th total of 23,475 shares. Based on an average daily trading volume, of 62,866 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s shares are short sold.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Performance
Shares of NYSEARCA:IGBH opened at $23.93 on Friday. The business has a fifty day moving average of $24.43 and a two-hundred day moving average of $24.54. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 52-week low of $22.50 and a 52-week high of $25.05.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of IGBH. Farther Finance Advisors LLC purchased a new stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the third quarter valued at about $33,000. JPMorgan Chase & Co. raised its stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 141.3% during the second quarter. JPMorgan Chase & Co. now owns 3,555 shares of the company’s stock worth $86,000 after purchasing an additional 2,082 shares during the period. Finally, Goodman Advisory Group LLC purchased a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the second quarter worth about $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. IGBH was launched on Jul 22, 2015 and is managed by BlackRock.
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