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

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) was the recipient of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 18,269 shares, a decrease 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 currently 0.3 days. Currently, 0.3% of the company’s shares are sold short.

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

Shares of IGBH stock opened at $23.93 on Friday. 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. The stock has a 50 day moving average price of $24.43 and a 200 day moving average price of $24.54.

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

Several large investors have recently bought and sold shares of IGBH. Farther Finance Advisors LLC acquired a new stake in iShares Interest Rate Hedged Long-Term Corporate Bond ETF in the 3rd quarter valued at about $33,000. JPMorgan Chase & Co. boosted 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 purchasing an additional 2,082 shares during the last quarter. Finally, Goodman Advisory Group LLC grew its position in shares of iShares Interest Rate Hedged Long-Term Corporate Bond ETF by 223.2% in the third quarter. Goodman Advisory Group LLC now owns 8,645 shares of the company’s stock valued at $213,000 after purchasing an additional 5,970 shares in the last quarter.

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.