ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Sees Large Decline in Short Interest

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the recipient of a significant drop in short interest during the month of September. As of September 15th, there was short interest totaling 21,266 shares, a drop of 41.2% from the August 31st total of 36,141 shares. Based on an average trading volume of 40,565 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.6% of the company’s shares are sold short.

ProShares Investment Grade Interest Rate Hedged Price Performance

IGHG opened at $77.64 on Wednesday. The company’s 50 day simple moving average is $77.82 and its 200 day simple moving average is $78.03. ProShares Investment Grade Interest Rate Hedged has a 1 year low of $77.05 and a 1 year high of $79.56.

Hedge Funds Weigh In On ProShares Investment Grade Interest Rate Hedged

Several hedge funds and other institutional investors have recently made changes to their positions in IGHG. Larry Mathis Financial Planning LLC purchased a new position in ProShares Investment Grade Interest Rate Hedged in the fourth quarter valued at about $5,063,000. Capital Advisors Ltd. LLC lifted its holdings in ProShares Investment Grade Interest Rate Hedged by 5.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 33,147 shares of the company’s stock worth $2,574,000 after buying an additional 1,827 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of ProShares Investment Grade Interest Rate Hedged by 32.4% during the second quarter. Envestnet Asset Management Inc. now owns 31,404 shares of the company’s stock worth $2,460,000 after acquiring an additional 7,682 shares during the last quarter. HighTower Advisors LLC boosted its holdings in ProShares Investment Grade Interest Rate Hedged by 33.9% in the fourth quarter. HighTower Advisors LLC now owns 12,473 shares of the company’s stock valued at $978,000 after purchasing an additional 3,159 shares during the last quarter. Finally, Hyundai Investments Co. Ltd. grew its position in shares of ProShares Investment Grade Interest Rate Hedged by 58.3% during the second quarter. Hyundai Investments Co. Ltd. now owns 8,550 shares of the company’s stock worth $670,000 after buying an additional 3,148 shares in the last quarter.

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.