Short Interest in iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH) Decreases By 73.3%

by · The Markets Daily

iShares Interest Rate Hedged Long-Term Corporate Bond ETF (NYSEARCA:IGBH – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totaling 14,891 shares, a decline of 73.3% from the August 15th total of 55,866 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 72,148 shares, the days-to-cover ratio is presently 0.2 days.

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

NYSEARCA:IGBH traded up $0.01 on Monday, reaching $24.51. 91,444 shares of the stock traded hands, compared to its average volume of 96,093. The company’s fifty day simple moving average is $24.43 and its 200 day simple moving average is $24.42. 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.

iShares Interest Rate Hedged Long-Term Corporate Bond ETF Company Profile

(Get Free Report)

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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