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

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

Institutional Trading of ProShares Investment Grade Interest Rate Hedged

Several large investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its stake in ProShares Investment Grade Interest Rate Hedged by 32.2% in the second quarter. Ameriprise Financial Inc. now owns 274,952 shares of the company’s stock valued at $21,523,000 after buying an additional 66,985 shares in the last quarter. LPL Financial LLC boosted its stake in ProShares Investment Grade Interest Rate Hedged by 3.1% in the fourth quarter. LPL Financial LLC now owns 246,029 shares of the company’s stock valued at $19,294,000 after buying an additional 7,459 shares in the last quarter. Bank of America Corp DE boosted its stake in ProShares Investment Grade Interest Rate Hedged by 0.6% in the third quarter. Bank of America Corp DE now owns 195,024 shares of the company’s stock valued at $15,407,000 after buying an additional 1,253 shares in the last quarter. Wells Fargo & Company MN boosted its stake in ProShares Investment Grade Interest Rate Hedged by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 183,097 shares of the company’s stock valued at $14,359,000 after buying an additional 2,031 shares in the last quarter. Finally, UBS Group AG boosted its stake in ProShares Investment Grade Interest Rate Hedged by 2.6% in the fourth quarter. UBS Group AG now owns 102,218 shares of the company’s stock valued at $8,016,000 after buying an additional 2,612 shares in the last quarter.

ProShares Investment Grade Interest Rate Hedged Stock Up 0.2%

Shares of BATS IGHG traded up $0.17 during mid-day trading on Friday, reaching $78.56. The company had a trading volume of 16,353 shares, compared to its average volume of 19,202. The business’s 50-day simple moving average is $78.33 and its 200 day simple moving average is $78.29. ProShares Investment Grade Interest Rate Hedged has a one year low of $76.83 and a one year high of $79.56.

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.