Short Interest in iShares Government/Credit Bond ETF (NYSEARCA:GBF) Declines By 89.5%

iShares Government/Credit Bond ETF (NYSEARCA:GBF) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 665 shares, a decrease of 89.5% from the April 15th total of 6,357 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 10,524 shares, the days-to-cover ratio is currently 0.1 days.

iShares Government/Credit Bond ETF Stock Performance

Shares of GBF traded down $0.21 during trading hours on Tuesday, hitting $103.49. 413 shares of the company were exchanged, compared to its average volume of 6,547. The firm’s 50 day moving average is $104.31 and its 200-day moving average is $104.94. iShares Government/Credit Bond ETF has a 52 week low of $101.85 and a 52 week high of $106.43.

Institutional Trading of iShares Government/Credit Bond ETF

A number of institutional investors and hedge funds have recently modified their holdings of GBF. Destination Wealth Management grew its stake in iShares Government/Credit Bond ETF by 4.9% in the 4th quarter. Destination Wealth Management now owns 201,384 shares of the company’s stock valued at $21,085,000 after buying an additional 9,452 shares during the last quarter. Bank of America Corp DE increased its stake in shares of iShares Government/Credit Bond ETF by 13.7% in the third quarter. Bank of America Corp DE now owns 104,384 shares of the company’s stock worth $10,997,000 after purchasing an additional 12,565 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares Government/Credit Bond ETF by 4.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 93,387 shares of the company’s stock worth $9,839,000 after purchasing an additional 4,051 shares during the last quarter. Jane Street Group LLC boosted its stake in iShares Government/Credit Bond ETF by 28.3% during the 1st quarter. Jane Street Group LLC now owns 36,600 shares of the company’s stock valued at $3,812,000 after purchasing an additional 8,071 shares during the period. Finally, Keybank National Association OH grew its holdings in iShares Government/Credit Bond ETF by 12.0% in the 3rd quarter. Keybank National Association OH now owns 30,402 shares of the company’s stock valued at $3,203,000 after buying an additional 3,263 shares during the last quarter.

iShares Government/Credit Bond ETF Company Profile

iShares Government/Credit Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States dollar-denominated government, government-related and investment-grade the United States corporate bonds. The Fund seeks to track the investment results of the Barclays U.S. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.