iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 2,061 shares, a growth of 792.2% from the April 15th total of 231 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 36,803 shares, the short-interest ratio is currently 0.1 days.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Trading Down 0.2%
iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock traded down $0.04 during midday trading on Tuesday, hitting $24.54. 93,080 shares of the company’s stock were exchanged, compared to its average volume of 78,150. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 12-month low of $23.44 and a 12-month high of $25.05. The firm’s 50 day simple moving average is $24.22 and its 200 day simple moving average is $24.50.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of IGBH. JPMorgan Chase & Co. grew its position in 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 purchasing an additional 2,082 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF during the 3rd quarter worth $33,000. Finally, Goodman Advisory Group LLC grew its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 223.2% during the 3rd quarter. Goodman Advisory Group LLC now owns 8,645 shares of the company’s stock worth $213,000 after purchasing an additional 5,970 shares during the last quarter.
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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