Short Interest in ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Drops By 67.3%

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 6,144 shares, a decline of 67.3% from the May 14th total of 18,792 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 21,036 shares, the short-interest ratio is presently 0.3 days.

ProShares Investment Grade Interest Rate Hedged Stock Performance

BATS:IGHG traded up $0.18 during trading hours on Friday, hitting $78.57. The company had a trading volume of 7,873 shares, compared to its average volume of 19,112. The stock has a 50-day moving average price of $78.31 and a 200 day moving average price of $78.29. ProShares Investment Grade Interest Rate Hedged has a 52 week low of $76.83 and a 52 week high of $79.56.

Institutional Trading of ProShares Investment Grade Interest Rate Hedged

Hedge funds have recently modified their holdings of the business. Geneos Wealth Management Inc. bought a new stake in shares of ProShares Investment Grade Interest Rate Hedged in the 2nd quarter worth approximately $27,000. Anchor Investment Management LLC bought a new position in ProShares Investment Grade Interest Rate Hedged during the 4th quarter valued at about $59,000. Fifth Third Bancorp bought a new position in ProShares Investment Grade Interest Rate Hedged during the 1st quarter valued at about $183,000. Novem Group bought a new position in ProShares Investment Grade Interest Rate Hedged during the 4th quarter valued at about $230,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of ProShares Investment Grade Interest Rate Hedged in the 2nd quarter worth approximately $242,000.

About ProShares Investment Grade Interest Rate Hedged

The ProShares Investment Grade—Interest Rate Hedged (IGHG) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index with long exposure to USD-denominated investment-grade debt and short exposure to US Treasurys. The fund aims to minimize interest-rate risk. IGHG was launched on Nov 5, 2013 and is managed by ProShares.