ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Sees Significant Growth in Short Interest

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 29,109 shares, an increase of 149.4% from the July 30th total of 11,671 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 19,791 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On ProShares Investment Grade Interest Rate Hedged

Large investors have recently bought and sold shares of the company. Larry Mathis Financial Planning LLC acquired a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 4th quarter valued at approximately $5,063,000. Hyundai Investments Co. Ltd. boosted its position in shares of ProShares Investment Grade Interest Rate Hedged by 58.3% during the 2nd quarter. Hyundai Investments Co. Ltd. now owns 8,550 shares of the company’s stock worth $670,000 after acquiring an additional 3,148 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of ProShares Investment Grade Interest Rate Hedged during the 1st quarter worth approximately $183,000. Anchor Investment Management LLC increased its stake in ProShares Investment Grade Interest Rate Hedged by 693.3% in the first quarter. Anchor Investment Management LLC now owns 5,950 shares of the company’s stock valued at $462,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in ProShares Investment Grade Interest Rate Hedged by 5.8% in the first quarter. Capital Advisors Ltd. LLC now owns 33,147 shares of the company’s stock valued at $2,574,000 after acquiring an additional 1,827 shares during the last quarter.

ProShares Investment Grade Interest Rate Hedged Stock Performance

Shares of BATS IGHG opened at $78.02 on Friday. ProShares Investment Grade Interest Rate Hedged has a 52 week low of $76.83 and a 52 week high of $79.56. The stock’s fifty day moving average is $77.99 and its 200 day moving average is $78.07.

About ProShares Investment Grade Interest Rate Hedged

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk. IGHG was launched on Nov 5, 2013 and is managed by ProShares.