iShares Investment Grade Systematic Bond ETF (BATS:IGEB) Short Interest Update

iShares Investment Grade Systematic Bond ETF (BATS:IGEB) was the recipient of a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 45,327 shares, a decrease of 61.9% from the July 30th total of 118,849 shares. Based on an average daily volume of 347,608 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the company are short sold.

iShares Investment Grade Systematic Bond ETF Trading Down 0.3%

Shares of BATS:IGEB opened at $44.26 on Friday. iShares Investment Grade Systematic Bond ETF has a 1-year low of $44.01 and a 1-year high of $46.46. The firm has a fifty day moving average price of $44.53 and a 200 day moving average price of $44.99.

Institutional Investors Weigh In On iShares Investment Grade Systematic Bond ETF

Hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC raised its position in iShares Investment Grade Systematic Bond ETF by 1.6% in the third quarter. NewEdge Advisors LLC now owns 17,887 shares of the company’s stock worth $824,000 after acquiring an additional 278 shares in the last quarter. Independence Bank of Kentucky purchased a new stake in shares of iShares Investment Grade Systematic Bond ETF during the 2nd quarter worth $55,000. PNC Financial Services Group Inc. grew its stake in shares of iShares Investment Grade Systematic Bond ETF by 19.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,208 shares of the company’s stock worth $375,000 after purchasing an additional 1,352 shares during the period. Commonwealth Retirement Investments LLC acquired a new position in shares of iShares Investment Grade Systematic Bond ETF during the 4th quarter worth $77,000. Finally, Tidemark LLC increased its holdings in shares of iShares Investment Grade Systematic Bond ETF by 12.5% in the 4th quarter. Tidemark LLC now owns 24,196 shares of the company’s stock valued at $1,105,000 after purchasing an additional 2,693 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.