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

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the recipient of a large increase in short interest in October. As of October 15th, there was short interest totaling 18,505 shares, an increase of 95.9% from the September 30th total of 9,445 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 28,713 shares, the short-interest ratio is currently 0.6 days.

ProShares Investment Grade Interest Rate Hedged Price Performance

Shares of IGHG stock opened at $77.35 on Friday. ProShares Investment Grade Interest Rate Hedged has a 12 month low of $76.76 and a 12 month high of $79.56. The company’s fifty day simple moving average is $77.68 and its 200-day simple moving average is $78.03.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Larry Mathis Financial Planning LLC grew its stake in shares of ProShares Investment Grade Interest Rate Hedged by 13.0% in the third quarter. Larry Mathis Financial Planning LLC now owns 78,544 shares of the company’s stock valued at $6,106,000 after acquiring an additional 9,059 shares in the last quarter. Envestnet Asset Management Inc. increased its position in ProShares Investment Grade Interest Rate Hedged by 32.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 31,404 shares of the company’s stock valued at $2,460,000 after acquiring an additional 7,682 shares during the period. Hyundai Investments Co. Ltd. increased its position in 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 valued at $670,000 after purchasing an additional 3,148 shares during the period. Anchor Investment Management LLC raised its position in shares of ProShares Investment Grade Interest Rate Hedged by 693.3% in the 1st quarter. Anchor Investment Management LLC now owns 5,950 shares of the company’s stock worth $462,000 after acquiring an additional 5,200 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of ProShares Investment Grade Interest Rate Hedged by 2.6% during the 2nd quarter. NewEdge Advisors LLC now owns 5,698 shares of the company’s stock valued at $446,000 after acquiring an additional 143 shares during the period.

ProShares Investment Grade Interest Rate Hedged Company Profile

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.