iShares International Treasury Bond ETF (NASDAQ:IGOV) Short Interest Up 479.3% in May

iShares International Treasury Bond ETF (NASDAQ:IGOV) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 1,752,805 shares, an increase of 479.3% from the May 14th total of 302,591 shares. Based on an average trading volume of 485,002 shares, the days-to-cover ratio is currently 3.6 days. Currently, 6.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On iShares International Treasury Bond ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Creative Planning boosted its position in shares of iShares International Treasury Bond ETF by 17.3% during the third quarter. Creative Planning now owns 1,295,954 shares of the company’s stock worth $55,208,000 after acquiring an additional 190,929 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in iShares International Treasury Bond ETF by 7.2% during the fourth quarter. Checchi Capital Advisers LLC now owns 617,443 shares of the company’s stock valued at $25,723,000 after purchasing an additional 41,370 shares in the last quarter. Wells Fargo & Company MN raised its stake in iShares International Treasury Bond ETF by 14.5% during the fourth quarter. Wells Fargo & Company MN now owns 484,229 shares of the company’s stock valued at $20,173,000 after purchasing an additional 61,362 shares in the last quarter. Evoke Wealth LLC raised its stake in iShares International Treasury Bond ETF by 28.7% during the fourth quarter. Evoke Wealth LLC now owns 329,024 shares of the company’s stock valued at $13,707,000 after purchasing an additional 73,318 shares in the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its stake in iShares International Treasury Bond ETF by 108.3% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 319,386 shares of the company’s stock valued at $13,114,000 after purchasing an additional 166,083 shares in the last quarter.

iShares International Treasury Bond ETF Stock Performance

Shares of NASDAQ:IGOV remained flat at $41.50 during midday trading on Friday. 59,420 shares of the company were exchanged, compared to its average volume of 430,184. The company’s 50 day moving average is $41.59 and its two-hundred day moving average is $41.83. iShares International Treasury Bond ETF has a 12-month low of $40.36 and a 12-month high of $43.39.

About iShares International Treasury Bond ETF

iShares International Treasury Bond ETF, formerly iShares S&P/Citigroup International Treasury Bond Fund (the Fund), is an exchange-traded fund. The Fund seeks investment results that correspond to the price and yield performance, of the S&P/Citigroup International Treasury Bond Index Ex US (the Index). The Index is a market value-weighted index designed to measure the performance of bonds denominated in local currencies and issued by foreign governments in developed market countries outside the United States.