Short Interest in iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Increases By 1,195.3%

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) saw a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 233,729 shares, a growth of 1,195.3% from the June 15th total of 18,045 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily trading volume, of 499,277 shares, the short-interest ratio is currently 0.5 days.

iShares Investment Grade Systematic Bond ETF Trading Down 0.2%

Shares of BATS:IGEB traded down $0.08 on Friday, hitting $44.61. 368,903 shares of the company’s stock were exchanged, compared to its average volume of 257,118. iShares Investment Grade Systematic Bond ETF has a 1-year low of $44.40 and a 1-year high of $46.46. The firm’s 50-day moving average is $44.95 and its 200 day moving average is $45.33.

Hedge Funds Weigh In On iShares Investment Grade Systematic Bond ETF

Hedge funds have recently added to or reduced their stakes in the stock. Hoese & Co LLP raised its holdings in iShares Investment Grade Systematic Bond ETF by 46.8% during the fourth quarter. Hoese & Co LLP now owns 110,996 shares of the company’s stock worth $5,067,000 after purchasing an additional 35,387 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 35.4% in the 4th quarter. Farther Finance Advisors LLC now owns 42,421 shares of the company’s stock valued at $1,937,000 after buying an additional 11,094 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 52.6% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 26,010 shares of the company’s stock valued at $1,188,000 after buying an additional 8,970 shares in the last quarter. FreeGulliver LLC grew its position in shares of iShares Investment Grade Systematic Bond ETF by 10.8% in the 3rd quarter. FreeGulliver LLC now owns 59,132 shares of the company’s stock valued at $2,723,000 after buying an additional 5,745 shares during the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of iShares Investment Grade Systematic Bond ETF by 1.7% in the 2nd quarter. NewEdge Advisors LLC now owns 17,609 shares of the company’s stock valued at $800,000 after buying an additional 302 shares during the last quarter.

iShares Investment Grade Systematic Bond ETF Company Profile

The iShares Investment Grade Bond Factor ETF (IGEB) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a broad-maturity, multi-factor, investment-grade bond index. The index selects and weights bonds based on default probability, default-adjusted spreads, and volatility. IGEB was launched on Jul 11, 2017 and is managed by BlackRock.