iShares Investment Grade Systematic Bond ETF (BATS:IGEB – Get Free Report) was the recipient of a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 84,874 shares, a growth of 288.9% from the April 15th total of 21,826 shares. Based on an average daily trading volume, of 265,121 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.
iShares Investment Grade Systematic Bond ETF Price Performance
Shares of iShares Investment Grade Systematic Bond ETF stock remained flat at $44.92 on Wednesday. The company had a trading volume of 109,209 shares, compared to its average volume of 227,257. iShares Investment Grade Systematic Bond ETF has a 52 week low of $44.04 and a 52 week high of $46.46. The firm’s 50 day moving average price is $45.18 and its two-hundred day moving average price is $45.61.
Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. CoreCap Advisors LLC acquired a new position in iShares Investment Grade Systematic Bond ETF during the 3rd quarter worth approximately $35,000. GPS Wealth Strategies Group LLC grew its holdings in iShares Investment Grade Systematic Bond ETF by 347.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 1,342 shares of the company’s stock valued at $62,000 after purchasing an additional 1,042 shares during the period. Commonwealth Retirement Investments LLC bought a new position in shares of iShares Investment Grade Systematic Bond ETF in the fourth quarter worth $77,000. Flow Traders U.S. LLC purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF in the third quarter worth $284,000. Finally, Stronghold Wealth Management L.L.C. purchased a new stake in iShares Investment Grade Systematic Bond ETF during the fourth quarter valued at about $295,000.
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.
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