iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) was the target of a large decline in short interest in June. As of June 15th, there was short interest totaling 9,768 shares, a decline of 43.3% from the May 31st total of 17,229 shares. Based on an average daily volume of 55,615 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are sold short.
iShares Interest Rate Hedged Long-Term Corporate Bond ETF Stock Performance
NYSEARCA IGBH traded up $0.04 during trading on Wednesday, reaching $24.62. The company’s stock had a trading volume of 70,432 shares, compared to its average volume of 79,260. The firm has a 50 day moving average price of $24.60 and a 200 day moving average price of $24.52. iShares Interest Rate Hedged Long-Term Corporate Bond ETF has a 12 month low of $23.75 and a 12 month high of $25.05.
Institutional Investors Weigh In On iShares Interest Rate Hedged Long-Term Corporate Bond ETF
A hedge fund recently raised its position in iShares Interest Rate Hedged Long-Term Corporate Bond ETF stock. JPMorgan Chase & Co. boosted its stake in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Free Report) by 141.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,555 shares of the company’s stock after acquiring an additional 2,082 shares during the period. JPMorgan Chase & Co. owned 0.08% of iShares Interest Rate Hedged Long-Term Corporate Bond ETF worth $86,000 at the end of the most recent reporting period.
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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