iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) Sees Large Growth in Short Interest

iShares Ultra Short-Term Bond Active ETF (BATS:ICSH) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 678,335 shares, a growth of 190.2% from the June 15th total of 233,786 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,178,249 shares, the days-to-cover ratio is currently 0.6 days.

iShares Ultra Short-Term Bond Active ETF Stock Performance

BATS ICSH opened at $50.45 on Monday. The firm has a 50-day moving average of $50.51 and a 200-day moving average of $50.57. iShares Ultra Short-Term Bond Active ETF has a 52-week low of $50.40 and a 52-week high of $50.77.

Institutional Investors Weigh In On iShares Ultra Short-Term Bond Active ETF

Several hedge funds have recently bought and sold shares of the stock. Networth Advisors LLC acquired a new position in shares of iShares Ultra Short-Term Bond Active ETF in the fourth quarter valued at approximately $27,000. TD Capital Management LLC lifted its holdings in iShares Ultra Short-Term Bond Active ETF by 2,595.0% during the 4th quarter. TD Capital Management LLC now owns 539 shares of the company’s stock worth $27,000 after purchasing an additional 519 shares during the last quarter. Triumph Capital Management bought a new stake in iShares Ultra Short-Term Bond Active ETF in the 3rd quarter valued at $28,000. NBC Securities Inc. boosted its stake in iShares Ultra Short-Term Bond Active ETF by 497.0% in the 4th quarter. NBC Securities Inc. now owns 597 shares of the company’s stock valued at $30,000 after purchasing an additional 497 shares during the period. Finally, Rosenberg Matthew Hamilton grew its holdings in iShares Ultra Short-Term Bond Active ETF by 166.9% in the 4th quarter. Rosenberg Matthew Hamilton now owns 670 shares of the company’s stock valued at $34,000 after buying an additional 419 shares in the last quarter.

About iShares Ultra Short-Term Bond Active ETF

The iShares Ultra Short-Term Bond ETF (ICSH) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is actively managed to invest in broad market, investment-grade bonds with ultra-short-term maturity. ICSH was launched on Dec 11, 2013 and is managed by BlackRock.