Short Interest in iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Increases By 1,195.3%

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the recipient of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 233,729 shares, an increase of 1,195.3% from the June 15th total of 18,045 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average daily volume of 499,277 shares, the short-interest ratio is presently 0.5 days.

iShares Investment Grade Systematic Bond ETF Price Performance

BATS IGEB traded down $0.08 during trading hours on Friday, hitting $44.61. 368,903 shares of the company were exchanged, compared to its average volume of 257,118. The company has a 50 day moving average of $44.95 and a two-hundred day moving average of $45.33. iShares Investment Grade Systematic Bond ETF has a 52-week low of $44.40 and a 52-week high of $46.46.

Hedge Funds 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 IGEB. Hoese & Co LLP increased its position in shares of iShares Investment Grade Systematic Bond ETF by 46.8% in the 4th quarter. Hoese & Co LLP now owns 110,996 shares of the company’s stock valued at $5,067,000 after purchasing an additional 35,387 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of iShares Investment Grade Systematic Bond ETF by 35.4% in the 4th quarter. Farther Finance Advisors LLC now owns 42,421 shares of the company’s stock valued at $1,937,000 after purchasing an additional 11,094 shares in the last quarter. Nations Financial Group Inc. IA ADV lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 52.6% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 26,010 shares of the company’s stock worth $1,188,000 after purchasing an additional 8,970 shares during the last quarter. FreeGulliver LLC lifted its position in shares of iShares Investment Grade Systematic Bond ETF by 10.8% during the 3rd quarter. FreeGulliver LLC now owns 59,132 shares of the company’s stock worth $2,723,000 after purchasing an additional 5,745 shares during the last quarter. Finally, NewEdge Advisors LLC grew its stake in shares of iShares Investment Grade Systematic Bond ETF by 1.7% during the second quarter. NewEdge Advisors LLC now owns 17,609 shares of the company’s stock worth $800,000 after purchasing an additional 302 shares in the last quarter.

About iShares Investment Grade Systematic Bond ETF

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.