ProShares Investment Grade—Interest Rate Hedged (BATS:IGHG) Shares Down 0.5%


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ProShares Investment Grade—Interest Rate Hedged (BATS:IGHG) dropped 0.5% during trading on Monday . The stock traded as low as $75.41 and last traded at $75.52. Approximately 23,728 shares changed hands during trading, The stock had previously closed at $75.90.

The company’s fifty day simple moving average is $75.33 and its 200 day simple moving average is $73.14.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NEXT Financial Group Inc purchased a new stake in ProShares Investment Grade—Interest Rate Hedged during the third quarter valued at about $25,000. Sowell Financial Services LLC purchased a new stake in shares of ProShares Investment Grade—Interest Rate Hedged in the fourth quarter worth about $44,000. Two Sigma Securities LLC purchased a new stake in shares of ProShares Investment Grade—Interest Rate Hedged in the third quarter worth about $236,000. Summit Wealth & Retirement Planning Inc. lifted its holdings in shares of ProShares Investment Grade—Interest Rate Hedged by 4.0% in the third quarter. Summit Wealth & Retirement Planning Inc. now owns 14,431 shares of the company’s stock worth $1,032,000 after buying an additional 555 shares in the last quarter. Finally, CX Institutional lifted its holdings in shares of ProShares Investment Grade—Interest Rate Hedged by 48.7% in the third quarter. CX Institutional now owns 94,678 shares of the company’s stock worth $6,767,000 after buying an additional 30,997 shares in the last quarter.

Further Reading: Why do companies engage in swaps?

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