iShares Government/Credit Bond ETF (NYSEARCA:GBF) Sees Significant Drop in Short Interest

iShares Government/Credit Bond ETF (NYSEARCA:GBF) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 566 shares, a decline of 97.2% from the May 31st total of 20,502 shares. Based on an average daily trading volume, of 3,791 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

iShares Government/Credit Bond ETF Stock Performance

Shares of iShares Government/Credit Bond ETF stock traded up $0.08 during midday trading on Friday, reaching $104.12. The company had a trading volume of 1,746 shares, compared to its average volume of 6,361. iShares Government/Credit Bond ETF has a 1-year low of $101.85 and a 1-year high of $106.43. The stock has a fifty day simple moving average of $103.64 and a 200 day simple moving average of $104.44.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

Several institutional investors have recently modified their holdings of the stock. Keybank National Association OH grew its holdings in iShares Government/Credit Bond ETF by 0.5% during the first quarter. Keybank National Association OH now owns 27,390 shares of the company’s stock valued at $2,853,000 after purchasing an additional 140 shares during the period. Bank of Montreal Can grew its position in shares of iShares Government/Credit Bond ETF by 170.9% in the 4th quarter. Bank of Montreal Can now owns 474 shares of the company’s stock valued at $50,000 after purchasing an additional 299 shares during the period. United Financial Planning Group LLC acquired a new position in shares of iShares Government/Credit Bond ETF in the 3rd quarter valued at approximately $38,000. Kestra Advisory Services LLC bought a new stake in iShares Government/Credit Bond ETF during the 4th quarter worth approximately $41,000. Finally, Captrust Financial Advisors raised its holdings in iShares Government/Credit Bond ETF by 12.8% during the 2nd quarter. Captrust Financial Advisors now owns 3,959 shares of the company’s stock worth $413,000 after buying an additional 448 shares during the period.

About iShares Government/Credit Bond ETF

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.