ProShares Investment Grade Interest Rate Hedged (BATS:IGHG – Get Free Report) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 29,109 shares, a growth of 149.4% from the July 30th total of 11,671 shares. Based on an average daily trading volume, of 19,791 shares, the short-interest ratio is presently 1.5 days. Currently, 0.8% of the company’s stock are sold short.
ProShares Investment Grade Interest Rate Hedged Stock Performance
IGHG opened at $78.02 on Friday. The company’s fifty day moving average price is $77.99 and its two-hundred day moving average price is $78.07. ProShares Investment Grade Interest Rate Hedged has a 1-year low of $76.83 and a 1-year high of $79.56.
Institutional Investors Weigh In On ProShares Investment Grade Interest Rate Hedged
Several large investors have recently made changes to their positions in IGHG. Ameriprise Financial Inc. increased its holdings in ProShares Investment Grade Interest Rate Hedged by 32.2% during the second quarter. Ameriprise Financial Inc. now owns 274,952 shares of the company’s stock worth $21,523,000 after buying an additional 66,985 shares during the last quarter. Larry Mathis Financial Planning LLC bought a new stake in shares of ProShares Investment Grade Interest Rate Hedged in the 4th quarter worth approximately $5,063,000. NorthRock Partners LLC bought a new stake in shares of ProShares Investment Grade Interest Rate Hedged in the 3rd quarter worth approximately $3,418,000. Citadel Advisors LLC purchased a new position in ProShares Investment Grade Interest Rate Hedged in the third quarter valued at approximately $2,657,000. Finally, Jane Street Group LLC purchased a new position in ProShares Investment Grade Interest Rate Hedged in the second quarter valued at approximately $1,221,000.
ProShares Investment Grade Interest Rate Hedged Company Profile
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.
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