iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Short Interest Down 82.9% in July

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 40,023 shares, a decrease of 82.9% from the June 30th total of 233,729 shares. Based on an average daily volume of 500,171 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV boosted its holdings in iShares Investment Grade Systematic Bond ETF by 15.6% in the first quarter. Nations Financial Group Inc. IA ADV now owns 30,066 shares of the company’s stock valued at $1,355,000 after acquiring an additional 4,056 shares during the last quarter. NewEdge Advisors LLC boosted its stake in shares of iShares Investment Grade Systematic Bond ETF by 25.2% in the 4th quarter. NewEdge Advisors LLC now owns 22,389 shares of the company’s stock valued at $1,022,000 after purchasing an additional 4,502 shares during the last quarter. Janney Montgomery Scott LLC grew its position in shares of iShares Investment Grade Systematic Bond ETF by 5.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 546,055 shares of the company’s stock worth $24,933,000 after buying an additional 26,739 shares during the period. Commonwealth Retirement Investments LLC bought a new stake in shares of iShares Investment Grade Systematic Bond ETF during the fourth quarter worth approximately $77,000. Finally, JPMorgan Chase & Co. lifted its holdings in iShares Investment Grade Systematic Bond ETF by 24.1% in the fourth quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock valued at $11,290,000 after buying an additional 48,088 shares during the period.

iShares Investment Grade Systematic Bond ETF Price Performance

Shares of iShares Investment Grade Systematic Bond ETF stock opened at $44.26 on Friday. The firm has a 50 day simple moving average of $44.84 and a 200 day simple moving average of $45.24. iShares Investment Grade Systematic Bond ETF has a fifty-two week low of $44.18 and a fifty-two week high of $46.46.

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.