iShares Government/Credit Bond ETF (NYSEARCA:GBF) Short Interest Up 430.4% in August

iShares Government/Credit Bond ETF (NYSEARCA:GBF) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 3,368 shares, an increase of 430.4% from the August 15th total of 635 shares. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 35,354 shares, the short-interest ratio is currently 0.1 days.

Hedge Funds Weigh In On iShares Government/Credit Bond ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC acquired a new stake in shares of iShares Government/Credit Bond ETF in the second quarter worth $281,000. Citadel Advisors LLC acquired a new position in iShares Government/Credit Bond ETF in the 2nd quarter valued at $1,212,000. Bank of America Corp DE raised its holdings in iShares Government/Credit Bond ETF by 3.4% in the 1st quarter. Bank of America Corp DE now owns 113,610 shares of the company’s stock worth $11,835,000 after acquiring an additional 3,776 shares during the period. Cetera Investment Advisers raised its holdings in iShares Government/Credit Bond ETF by 28.7% in the 1st quarter. Cetera Investment Advisers now owns 8,738 shares of the company’s stock worth $910,000 after acquiring an additional 1,947 shares during the period. Finally, AMG National Trust Bank lifted its position in iShares Government/Credit Bond ETF by 56.5% during the 1st quarter. AMG National Trust Bank now owns 3,835 shares of the company’s stock worth $399,000 after acquiring an additional 1,385 shares during the last quarter.

iShares Government/Credit Bond ETF Stock Performance

NYSEARCA GBF traded down $0.23 on Friday, reaching $100.60. The stock had a trading volume of 31,183 shares, compared to its average volume of 9,178. iShares Government/Credit Bond ETF has a 1 year low of $101.85 and a 1 year high of $106.43. The business has a 50 day moving average price of $102.25 and a 200 day moving average price of $103.40.

About iShares Government/Credit Bond ETF

iShares Government/Credit Bond ETF (the Fund) is an exchange-traded fund. The Fund seeks to track the investment results of an index composed of the United States dollar-denominated government, government-related and investment-grade the United States corporate bonds. The Fund seeks to track the investment results of the Barclays U.S. Government/Credit Bond Index (the Underlying Index), which measures the performance of the United States dollar-denominated United States Treasury bonds, government-related bonds (i.e., the United States and foreign agencies, sovereign, supranational and local authority debt) and investment-grade United States corporate bonds, which have a remaining maturity of greater than or equal to one year.