ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) Short Interest Up 69.6% in June

ProShares Investment Grade Interest Rate Hedged (BATS:IGHG) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 10,419 shares, an increase of 69.6% from the May 31st total of 6,144 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 21,141 shares, the short-interest ratio is currently 0.5 days.

ProShares Investment Grade Interest Rate Hedged Stock Performance

BATS:IGHG opened at $78.10 on Thursday. ProShares Investment Grade Interest Rate Hedged has a 12-month low of $76.83 and a 12-month high of $79.56. The business has a 50 day simple moving average of $78.41 and a 200 day simple moving average of $78.27.

Institutional Investors Weigh In On ProShares Investment Grade Interest Rate Hedged

A number of hedge funds have recently added to or reduced their stakes in IGHG. Certified Advisory Corp grew its position in shares of ProShares Investment Grade Interest Rate Hedged by 290.2% during the fourth quarter. Certified Advisory Corp now owns 42,891 shares of the company’s stock worth $3,364,000 after acquiring an additional 31,899 shares during the last quarter. Elevation Capital Advisory LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged during the 4th quarter valued at about $2,834,000. Larry Mathis Financial Planning LLC acquired a new position in ProShares Investment Grade Interest Rate Hedged during the 4th quarter valued at about $5,063,000. Kovack Advisors Inc. acquired a new position in ProShares Investment Grade Interest Rate Hedged during the 4th quarter valued at about $687,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in ProShares Investment Grade Interest Rate Hedged in the 2nd quarter worth about $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.