iShares Intermediate Government/Credit Bond ETF (BATS:GVI) Sees Significant Decrease in Short Interest

iShares Intermediate Government/Credit Bond ETF (BATS:GVI) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 28,468 shares, a drop of 48.0% from the August 15th total of 54,783 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 120,714 shares, the short-interest ratio is currently 0.2 days.

iShares Intermediate Government/Credit Bond ETF Price Performance

Shares of GVI stock opened at $103.82 on Wednesday. The company’s 50 day moving average is $105.18 and its 200 day moving average is $105.96. iShares Intermediate Government/Credit Bond ETF has a 52-week low of $103.80 and a 52-week high of $108.34.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ascentis Independent Advisors purchased a new position in shares of iShares Intermediate Government/Credit Bond ETF in the 1st quarter worth approximately $54,000. Nalls Sherbakoff Group LLC purchased a new stake in iShares Intermediate Government/Credit Bond ETF during the fourth quarter valued at approximately $97,000. First PREMIER Bank acquired a new stake in iShares Intermediate Government/Credit Bond ETF in the second quarter valued at approximately $106,000. Bartlett & CO. Wealth Management LLC boosted its stake in iShares Intermediate Government/Credit Bond ETF by 15.2% in the first quarter. Bartlett & CO. Wealth Management LLC now owns 1,351 shares of the company’s stock valued at $144,000 after acquiring an additional 178 shares in the last quarter. Finally, Continuum Advisory LLC purchased a new position in iShares Intermediate Government/Credit Bond ETF in the fourth quarter worth $202,000.

iShares Intermediate Government/Credit Bond ETF Company Profile

The iShares Intermediate Government\u002FCredit Bond ETF (GVI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of US Treasury, agency and investment-grade corporate bonds with remaining maturities of 1-10 years. GVI was launched on Jan 5, 2007 and is managed by BlackRock.