Short Interest in iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Declines By 78.9%

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 18,045 shares, a drop of 78.9% from the May 31st total of 85,556 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 130,429 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its holdings in shares of iShares Investment Grade Systematic Bond ETF by 15.3% during the second quarter. Ameriprise Financial Inc. now owns 996,346 shares of the company’s stock worth $45,267,000 after buying an additional 131,839 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in 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. JPMorgan Chase & Co. increased its position in iShares Investment Grade Systematic Bond ETF by 24.1% in the 4th quarter. JPMorgan Chase & Co. now owns 247,270 shares of the company’s stock valued at $11,290,000 after acquiring an additional 48,088 shares during the period. BlueStem Wealth Partners LLC lifted its holdings in shares of iShares Investment Grade Systematic Bond ETF by 18.2% during the third quarter. BlueStem Wealth Partners LLC now owns 202,155 shares of the company’s stock worth $9,308,000 after purchasing an additional 31,151 shares during the period. Finally, Jane Street Group LLC increased its holdings in iShares Investment Grade Systematic Bond ETF by 772.6% in the first quarter. Jane Street Group LLC now owns 155,508 shares of the company’s stock valued at $6,999,000 after purchasing an additional 137,686 shares during the period.

iShares Investment Grade Systematic Bond ETF Price Performance

Shares of BATS:IGEB opened at $45.24 on Friday. The company’s 50 day simple moving average is $45.03 and its 200 day simple moving average is $45.38. iShares Investment Grade Systematic Bond ETF has a 1 year low of $44.40 and a 1 year 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.